PennantPark Investment · filed 2025-05-12
Total Fair Value
$10.48B
610 holdings
Unrealized P/L
-$1.30B
-11.02% vs cost
W. Avg Spread
+5.93%
debt, FV-weighted
W. Avg Coupon
10.09%
debt, FV-weighted
% First Lien
7.3%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$10.48B
Total Fair Value
- Unclassified38.7%
- Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index SOFR+55013.7%
- Business Services8.4%
- Investments in Non-Controlled, Non-Affiliated Portfolio Companies5.7%
- Financial Services5.7%
- Investments in Controlled, Affiliated Portfolio Companies4.6%
- Financial Services Current Coupon 12.29%1.3%
- Short-Term U.S. Government Securities Current Coupon 4.24%1.2%
- Distribution1.0%
- Healthcare, Education and Childcare Current Coupon 11.67% Basis Point Spread Above Index 3M SOFR+7000.5%
- Other industries19.2%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
610 of 610
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Related Party PSLF Investments and Cash Equivalents - 1,049.1% | — | — | $1.46B | $1.47B | -$13.38M | — | — | — |
Related Party PSLF Investments - 1004.3% | — | — | $1.39B | $1.41B | -$13.38M | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% | Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $1.39B | $1.40B | -$13.99M | — | — | — |
Total Investments and Cash Equivalents - 255.3% | — | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.25B | $1.21B | $40.70M | — | — | — |
Total Investments - 248.6% of Net Assets | — | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.21B | $1.17B | $40.68M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $723.81M | $716.50M | $7.30M | — | — | — |
Net Assets - 100% | — | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $488.11M | — | — | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% | Financial Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $478.75M | $398.36M | $80.39M | — | — | — |
148.3% First Lien Secured Debt - 78.4% | Investments in Non-Controlled, Non-Affiliated Portfolio Companies | First Lien Secured Debt - 78.4% of Net Assets | $382.79M | $391.87M | -$9.08M | — | — | — |
98.1% Common Equity - 34.7% | Investments in Controlled, Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $169.14M | $86.98M | $82.16M | — | — | — |
98.1% Subordinated Debt - 33.5% of Net Assets | Investments in Controlled, Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $163.32M | $163.32M | $0.00 | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Subordinated Debt - 33.5% of Net Assets Issuer Name PennantPark Senior Loan Fund, LLC Maturity 07/31/2027 | Financial Services Current Coupon 12.29% | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $140.29M | $140.29M | $0.00 | 12.29% | +8.00% | — |
Related Party PSLF Members' Equity—100.0% | — | — | $138.70M | — | — | — | — | — |
148.3% Common Equity/Partnership Interests/Warrants - 26.3% | Investments in Non-Controlled, Non-Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $128.22M | $115.23M | $12.99M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Short-Term US Government Securities - 25.5% | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $124.59M | $124.61M | -$21.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Short-Term US Government Securities - 25.5% Issuer Name U.S. Treasury Bill Maturity 04/29/2025 | Short-Term U.S. Government Securities Current Coupon 4.24% | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $124.59M | $124.61M | -$21.0K | 4.24% | — | — |
98.1% First Lien Secured Debt - 24.3% | Investments in Controlled, Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $118.53M | $121.43M | -$2.91M | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Common Equity - 34.7% Issuer Name JF Intermediate, LLC | Distribution | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $79.82M | $4.49M | $75.33M | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Common Equity - 34.7% Issuer Name PennantPark Senior Loan Fund, LLC | Financial Services | — | $77.37M | — | — | — | — | — |
Related Party PSLF Cash and Cash Equivalents - 44.8% | — | Common Equity - 23.0% of Net Assets | $62.20M | $62.20M | $0.00 | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% First Lien Secured Debt - 24.3% Issuer Name AKW Holdings Limited Maturity 03/15/2027 | Healthcare, Education and Childcare Current Coupon 11.67% Basis Point Spread Above Index 3M SOFR+700 | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $54.80M | $58.08M | -$3.27M | 11.67% | +7.00% | — |
148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets | Investments in Non-Controlled, Non-Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $53.48M | $52.51M | $969.0K | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% First Lien Secured Debt - 24.3% Issuer Name JF Holdings Corp. Maturity 07/31/2026 | Distribution Current Coupon 10.35% Basis Point Spread Above Index 3M SOFR+605 | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $49.38M | $49.01M | $368.0K | 10.35% | +6.05% | — |
Non-Money Market Cash | — | Common Equity - 23.0% of Net Assets | $33.88M | $33.88M | $0.00 | — | — | — |
Cash and Cash Equivalents - 6.7% | — | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $32.59M | $32.57M | $19.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Dr. Squatch, LLC Maturity 08/31/27 | Personal and Non-Durable Consumer Products Current Coupon 9.67% Basis Point Spread Above Index SOFR+535 | Common Equity - 23.0% of Net Assets | $30.95M | $30.83M | $119.0K | 9.67% | +5.35% | — |
98.1% Preferred Equity - 5.7% | Investments in Controlled, Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $27.77M | $26.63M | $1.14M | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 | Distribution Current Coupon 9.70% Basis Point Spread Above Index SOFR+540 | Common Equity - 23.0% of Net Assets | $24.93M | $25.08M | -$146.0K | 9.70% | +5.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name Express Wash Acquisition Company, LLC Maturity 01/15/2029 | Auto Sector Current Coupon 1609.00% Basis Point Spread Above Index 3M SOFR+1176 | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $24.67M | $23.77M | $905.0K | 16.09% | +1.17% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Beacon Behavioral Support Services, LLC Maturity 06/21/2029 | Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $24.48M | $24.40M | $83.0K | 9.80% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Sigma Defense Systems, LLC Maturity 12/20/2027 | Telecommunications Current Coupon 11.20% Basis Point Spread Above Index SOFR+690 | Common Equity - 23.0% of Net Assets | $24.40M | $24.20M | $201.0K | 11.20% | +6.90% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name RTIC Subsidiary Holdings, LLC Maturity 05/03/2029 | Consumer Products Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $24.27M | $24.45M | -$188.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Exigo Intermediate II, LLC Maturity 03/15/2027 | Business Services Current Coupon 10.67% Basis Point Spread Above Index 3M SOFR+635 | First Lien Secured Debt - 78.4% of Net Assets | $24.00M | $23.83M | $175.0K | 10.67% | +6.35% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name HW Holdco, LLC Maturity 05/10/26 | Media Current Coupon 10.21% Basis Point Spread Above Index SOFR+590 | Common Equity - 23.0% of Net Assets | $23.81M | $23.72M | $94.0K | 10.21% | +5.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Cartessa Aesthetics, LLC - Maturity 06/14/2028 | Distribution Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $23.62M | $23.32M | $293.0K | 10.05% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name EDS Buyer, LLC Maturity 01/10/29 | Aerospace and Defense Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $23.30M | $23.02M | $286.0K | 10.05% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Watchtower Buyer, LLC Maturity 12/01/2029 | Consumer Products Current Coupon 10.30% Basis Point Spread Above Index SOFR+600 | Common Equity - 23.0% of Net Assets | $23.13M | $23.02M | $114.0K | 10.30% | +6.00% | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Subordinated Debt - 33.5% of Net Assets Issuer Name Flock Financial, LLC Maturity 10/19/2027 | Financial Services Current Coupon PIK 12.50% | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $23.03M | $23.03M | $0.00 | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Rancho Health MSO, Inc. Maturity 06/20/2029 | Healthcare, Education and Childcare Current Coupon 9.57% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $22.85M | $22.78M | $75.0K | 9.57% | +5.25% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Carnegie Dartlet, LLC Maturity 02/07/2030 | Education Current Coupon 9.82% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $22.54M | $22.46M | $83.0K | 9.82% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Cartessa Aesthetics, LLC Maturity 06/14/28 | Distribution Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $21.99M | $21.80M | $198.0K | 10.05% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name BlueHalo Global Holdings, LLC Maturity 10/31/2025 | Aerospace and Defense Current Coupon 10.30% Basis Point Spread Above Index SOFR+600 | Common Equity - 23.0% of Net Assets | $21.07M | $21.14M | -$68.0K | 10.30% | +6.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Commercial Fire Protection Holdings, LLC Maturity 09/23/30 | Business Services Current Coupon 9.05% Basis Point Spread Above Index SOFR+475 | Common Equity - 23.0% of Net Assets | $20.78M | $20.83M | -$52.0K | 9.05% | +4.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Lash OpCo, LLC Maturity 02/18/27 | Consumer Products Current Coupon 12.14% (PIK 5.1% Basis Point Spread Above Index SOFR+785 | Common Equity - 23.0% of Net Assets | $20.56M | $20.90M | -$337.0K | 12.14% | +7.85% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Lightspeed Buyer Inc. Maturity 02/03/27 | Healthcare, Education and Childcare Current Coupon 9.05% Basis Point Spread Above Index SOFR+475 | Common Equity - 23.0% of Net Assets | $20.22M | $20.11M | $103.0K | 9.05% | +4.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name NORA Acquisition, LLC Maturity 08/31/2029 | Healthcare, Education and Childcare Current Coupon 10.65% Basis Point Spread Above Index SOFR+635 | Common Equity - 23.0% of Net Assets | $20.19M | $19.94M | $252.0K | 10.65% | +6.35% | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Preferred Equity - 5.7% Issuer Name Flock Financial Class B Preferred Equity | Financial Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $20.14M | $19.32M | $826.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name A1 Garage Merger Sub, LLC Maturity 12/22/2028 | Personal, Food and Miscellaneous Services Current Coupon 8.82% Basis Point Spread Above Index SOFR+450 | Common Equity - 23.0% of Net Assets | $19.98M | $19.77M | $207.0K | 8.82% | +4.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name MOREgroup Holdings, LLC Maturity 01/16/1930 | Business Services Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $19.80M | $19.55M | $249.0K | 9.55% | +5.25% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Marketplace Events Acquisition, LLC Maturity 12/19/1930 | Media Current Coupon 9.47% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $19.80M | $19.82M | -$19.0K | 9.47% | +5.25% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Medina Health, LLC Maturity 10/20/2028 | Healthcare, Education and Childcare Current Coupon 10.55% Basis Point Spread Above Index SOFR+625 | Common Equity - 23.0% of Net Assets | $19.80M | $19.57M | $227.0K | 10.55% | +6.25% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Best Practice Associates, LLC Maturity 11/08/2029 | Aerospace and Defense Current Coupon 11.05% Basis Point Spread Above Index SOFR+675 | Common Equity - 23.0% of Net Assets | $19.70M | $19.68M | $18.0K | 11.05% | +6.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name MDI Buyer Inc. Maturity 07/25/28 | Chemicals, Plastics and Rubber Current Coupon 9.31% Basis Point Spread Above Index SOFR+500 | Common Equity - 23.0% of Net Assets | $19.53M | $19.65M | -$117.0K | 9.31% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Harris & Co. LLC Maturity 08/09/30 | Financial Services Current Coupon 9.32% Basis Point Spread Above Index SOFR+500 | Common Equity - 23.0% of Net Assets | $19.28M | $19.15M | $129.0K | 9.32% | +5.00% | — |
Cash and Cash Equivalents - 6.7% Issuer Name BlackRock Federal FD Institutional 81 Current Coupon 4.22% | — | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $18.99M | $18.99M | $0.00 | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name OSP Embedded Purchaser, LLC Maturity 12/17/2029 | Aerospace and Defense Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $18.74M | $18.88M | -$143.0K | 10.05% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Transgo, LLC Maturity 12/29/2028 | Auto Sector Current Coupon 10.07% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $17.96M | $17.69M | $266.0K | 10.07% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Omnia Exterior Solutions, LLC Maturity 12/29/2029 | Diversified Conglomerate Service Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $17.94M | $17.84M | $97.0K | 9.55% | +5.25% | — |
148.3% Second Lien Secured Debt - 3.7% of Net Assets | Investments in Non-Controlled, Non-Affiliated Portfolio Companies | Second Lien Secured Debt - 3.7% of Net Assets | $17.86M | $18.59M | -$731.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Route 66 Development Maturity 01/24/2031 | Gaming Current Coupon 13.32% Basis Point Spread Above Index 3M SOFR+900 | First Lien Secured Debt - 78.4% of Net Assets | $17.64M | $17.65M | -$7.0K | 13.32% | +9.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name The Bluebird Group LLC Maturity 07/27/2026 | Business Services Current Coupon 10.20% Basis Point Spread Above Index SOFR+590 | Common Equity - 23.0% of Net Assets | $17.38M | $17.31M | $70.0K | 10.20% | +5.90% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name System Planning and Analysis, Inc. (f/k/a Management Consulting & Research, LLC) Maturity 08/16/2027 | Aerospace and Defense Current Coupon 9.28% Basis Point Spread Above Index SOFR+500 | Common Equity - 23.0% of Net Assets | $17.07M | $16.87M | $196.0K | 9.28% | +5.00% | — |
Related Party PSLF Cash and Cash Equivalents | — | 44.8% Issuer Name JPMorgan U.S. Government Money Market Fund | $16.95M | $16.95M | $0.00 | 4.24% | — | — |
148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets | Investments in Non-Controlled, Non-Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $16.87M | $13.69M | $3.18M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Shiftkey, LLC Maturity 06/21/2027 | Business Services Current Coupon 10.34% Basis Point Spread Above Index 3M SOFR+601 | First Lien Secured Debt - 78.4% of Net Assets | $16.56M | $17.41M | -$849.0K | 10.34% | +6.01% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Halo Buyer, Inc. Maturity 08/07/2029 | Consumer Products Current Coupon 10.32% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 78.4% of Net Assets | $16.55M | $16.84M | -$283.0K | 10.32% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name United Land Services Intermediate Parent Holdings, LLC Maturity 12/23/2026 | Environmental Services Current Coupon 14.75% (PIK 14.75%) | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $16.52M | $16.56M | -$37.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name AFC - Dell Holding Corp. Maturity 04/09/2027 | Distribution Current Coupon 9.81% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $16.12M | $16.07M | $52.0K | 9.81% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Archer Lewis, LLC Maturity 08/28/2029 | Healthcare, Education and Childcare Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $15.66M | $15.49M | $172.0K | 10.05% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Applied Technical Services, LLC Maturity 12/29/2026 | Environmental Services Current Coupon 10.20% Basis Point Spread Above Index SOFR+590 | Common Equity - 23.0% of Net Assets | $15.62M | $15.51M | $110.0K | 10.20% | +5.90% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name ACP Falcon Buyer, Inc. Maturity 08/01/2029 | Business Services Current Coupon 9.81% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $15.43M | $15.02M | $406.0K | 9.81% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name SV- Aero Holdings, LLC (Aeronix) Maturity 11/01/1930 | Aerospace and Defense Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $14.91M | $14.84M | $66.0K | 9.55% | +5.25% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Zips Car Wash, LLC (4) Maturity 03/31/2028 | Business Services | Common Equity - 23.0% of Net Assets | $14.91M | $18.48M | -$3.58M | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Arcfield Acquisition Corp. Maturity 10/28/2031 | Aerospace and Defense Current Coupon 9.30% Basis Point Spread Above Index SOFR+500 | Common Equity - 23.0% of Net Assets | $14.89M | $14.94M | -$52.0K | 9.30% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name By Light professional IT Services, LLC Maturity 11/16/2026 | Business Services Current Coupon 10.79% Basis Point Spread Above Index SOFR+647 | Common Equity - 23.0% of Net Assets | $14.82M | $14.77M | $53.0K | 10.79% | +6.47% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Argano, LLC Maturity 09/13/2029 | Business Services Current Coupon 10.07% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $14.75M | $14.80M | -$50.0K | 10.07% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name The Vertex Companies, LLC Maturity 08/31/2028 | Business Services Current Coupon 9.31% Basis Point Spread Above Index SOFR+500 | Common Equity - 23.0% of Net Assets | $14.45M | $14.45M | $4.0K | 9.31% | +5.00% | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% First Lien Secured Debt - 24.3% Issuer Name Pragmatic Institute, LLC Maturity 03/28/2030 | Business Services Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+605 | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $14.35M | $14.35M | $0.00 | 9.80% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Anteriad Holdings Inc (fka MeritDirect) Maturity 06/30/2026 | Media Current Coupon 10.20% Basis Point Spread Above Index SOFR+590 | Common Equity - 23.0% of Net Assets | $14.28M | $14.22M | $54.0K | 10.20% | +5.90% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Beta Plus Technologies, Inc. Maturity 07/02/2029 | Business Services Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $14.22M | $14.43M | -$209.0K | 10.05% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Hills Distribution, Inc Maturity 11/08/29 | Distribution Current Coupon 10.32% Basis Point Spread Above Index SOFR+600 | Common Equity - 23.0% of Net Assets | $14.08M | $14.05M | $28.0K | 10.32% | +6.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/28 | Personal, Food and Miscellaneous Services Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $13.82M | $13.68M | $143.0K | 9.80% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Seaway Buyer, LLC Maturity 06/13/2029 | Chemicals, Plastics and Rubber Current Coupon 10.45% Basis Point Spread Above Index SOFR+615 | Common Equity - 23.0% of Net Assets | $13.78M | $14.45M | -$669.0K | 10.45% | +6.15% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Amsive Holding Corporation (f/k/a Vision Purchaser Corporation) Maturity 06/10/2025 | Media Current Coupon 10.67% Basis Point Spread Above Index SOFR+635 | Common Equity - 23.0% of Net Assets | $13.70M | $13.82M | -$126.0K | 10.67% | +6.35% | — |
Cash and Cash Equivalents - 6.7% Issuer Name Non-Money Market Cash | — | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $13.60M | $13.58M | $19.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Infolinks Media Buyco, LLC Maturity 11/01/26 | Media Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $13.05M | $13.00M | $53.0K | 9.80% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Kinetic Purchaser, LLC Maturity 11/10/27 | Consumer Products Current Coupon 10.45% Basis Point Spread Above Index SOFR+615 | Common Equity - 23.0% of Net Assets | $13.05M | $13.57M | -$518.0K | 10.45% | +6.15% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Inventus Power, Inc. Maturity 06/30/25 | Consumer Products Current Coupon 11.94% Basis Point Spread Above Index SOFR+761 | Common Equity - 23.0% of Net Assets | $13.04M | $12.99M | $41.0K | 11.94% | +7.61% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Pacific Purchaser, LLC Maturity 10/02/2028 | Business Services Current Coupon 10.53% Basis Point Spread Above Index SOFR+625 | Common Equity - 23.0% of Net Assets | $12.89M | $12.64M | $244.0K | 10.53% | +6.25% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name HV Watterson Holdings, LLC Maturity 12/17/26 | Business Services Current Coupon 12% (PIK 4%) Basis Point Spread Above Index SOFR+ | Common Equity - 23.0% of Net Assets | $12.89M | $15.35M | -$2.47M | 12.00% | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name GGG Midco, LLC Maturity 09/27/30 | Home and Office Furnishings, Housewares and Durable Consumer Products Current Coupon 9.30% Basis Point Spread Above Index SOFR+500 | Common Equity - 23.0% of Net Assets | $12.42M | $12.43M | -$11.0K | 9.30% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Urology Management Holdings, Inc. Maturity 06/15/2027 | Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $12.42M | $12.37M | $48.0K | 9.80% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name ETE Intermediate II, LLC Maturity 05/29/29 | Personal, Food and Miscellaneous Services Current Coupon 10.81% Basis Point Spread Above Index SOFR+650 | Common Equity - 23.0% of Net Assets | $12.19M | $12.01M | $177.0K | 10.81% | +6.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name BLC Holding Company, INC. Maturity 11/20/2030 | Environmental Services Current Coupon 9.05% Basis Point Spread Above Index SOFR+475 | Common Equity - 23.0% of Net Assets | $12.01M | $12.00M | $16.0K | 9.05% | +4.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Alpine Acquisition Corp II Maturity 11/30/2026 | Containers, Packaging and Glass Current Coupon 10.42% Basis Point Spread Above Index SOFR+1094 | Common Equity - 23.0% of Net Assets | $11.98M | $14.80M | -$2.82M | 10.42% | +1.09% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Sabel Systems Technology Solutions, LLC Maturity 10/31/1930 | Business Services Current Coupon 10.55% Basis Point Spread Above Index SOFR+625 | Common Equity - 23.0% of Net Assets | $11.97M | $11.87M | $102.0K | 10.55% | +6.25% | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Common Equity - 34.7% Issuer Name AKW Holdings Limited | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $11.95M | $132.0K | $11.81M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Aechelon Technology, Inc. Maturity 08/16/2029 | Aerospace and Defense Current Coupon 11.82% Basis Point Spread Above Index 3M SOFR+750 | First Lien Secured Debt - 78.4% of Net Assets | $11.88M | $11.77M | $115.0K | 11.82% | +7.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PAR Excellence Holdings, Inc. Maturity 09/03/2030 | Healthcare, Education and Childcare Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $11.88M | $11.88M | -$1.0K | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PlayPower, Inc. Maturity 08/28/2030 | Manufacturing/Basic Industry Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $11.82M | $11.86M | -$40.0K | 9.30% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Radius Aerospace, Inc. Maturity 03/29/2027 | Aerospace and Defense Current Coupon 10.48% Basis Point Spread Above Index SOFR+615 | Common Equity - 23.0% of Net Assets | $11.54M | $11.77M | -$229.0K | 10.48% | +6.15% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name TPC US Parent, LLC Maturity 11/24/2025 | Food Current Coupon 10.21% Basis Point Spread Above Index SOFR+590 | Common Equity - 23.0% of Net Assets | $11.33M | $11.30M | $36.0K | 10.21% | +5.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sath Industries, LLC Maturity 12/17/2029 | Event Services Current Coupon 10.06% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $11.33M | $11.34M | -$6.0K | 10.06% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Carisk Buyer, Inc. Maturity 12/01/2029 | Healthcare, Education and Childcare Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $11.31M | $11.33M | -$14.0K | 9.55% | +5.25% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Tyto Athene, LLC Maturity 04/01/2028 | Aerospace and Defense Current Coupon 9.21% Basis Point Spread Above Index SOFR+490 | Common Equity - 23.0% of Net Assets | $11.26M | $11.32M | -$61.0K | 9.21% | +4.90% | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% | Home and Office Furnishings | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $11.05M | $58.07M | -$47.02M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sigma Defense Systems, LLC Maturity 12/20/2027 | Telecommunications Current Coupon 11.20% Basis Point Spread Above Index 3M SOFR+690 | First Lien Secured Debt - 78.4% of Net Assets | $10.67M | $10.47M | $191.0K | 11.20% | +6.90% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Case Works, LLC Maturity 10/01/29 | Business Services Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $10.43M | $10.41M | $13.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ro Health, LLC Maturity 01/17/2031 | Healthcare Providers & Services Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $9.90M | $9.93M | -$29.0K | 9.30% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. Maturity 01/23/2029 | Media Current Coupon 10.80% Basis Point Spread Above Index SOFR+650 | Common Equity - 23.0% of Net Assets | $9.90M | $9.77M | $134.0K | 10.80% | +6.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name S101 Holdings Inc. Maturity 12/29/2026 | Electronics Current Coupon 9.96% Basis Point Spread Above Index SOFR+565 | Common Equity - 23.0% of Net Assets | $9.88M | $9.79M | $92.0K | 9.96% | +5.65% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name PAR Excellence Holdings, Inc. Maturity 09/03/2030 | Healthcare, Education and Childcare Current Coupon 9.32% Basis Point Spread Above Index SOFR+500 | Common Equity - 23.0% of Net Assets | $9.88M | $9.89M | -$12.0K | 9.32% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Municipal Emergency Services, Inc. Maturity 10/01/2027 | Distribution Current Coupon 9.45% Basis Point Spread Above Index SOFR+515 | Common Equity - 23.0% of Net Assets | $9.62M | $9.55M | $77.0K | 9.45% | +5.15% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Exigo Intermediate II, LLC Maturity 03/15/27 | Business Services Current Coupon 10.67% Basis Point Spread Above Index SOFR+635 | Common Equity - 23.0% of Net Assets | $9.60M | $9.53M | $75.0K | 10.67% | +6.35% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Recteq, LLC Maturity 01/29/2026 | Consumer Products Current Coupon 11.45% Basis Point Spread Above Index SOFR+715 | Common Equity - 23.0% of Net Assets | $9.55M | $9.57M | -$14.0K | 11.45% | +7.15% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name SpendMend Holdings, LLC Maturity 03/01/2028 | Business Services Current Coupon 9.45% Basis Point Spread Above Index SOFR+515 | Common Equity - 23.0% of Net Assets | $9.46M | $9.28M | $177.0K | 9.45% | +5.15% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Team Services Group, LLC Maturity 12/20/2027 | Healthcare, Education and Childcare Current Coupon 9.54% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $9.35M | $9.45M | -$99.0K | 9.54% | +5.25% | — |
2.3% Preferred Equity/Partnership Interests - 1.9% | Investments in Non-Controlled, Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $9.33M | $33.71M | -$24.38M | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Solutionreach, Inc. Maturity 07/17/2025 | Communications Current Coupon 11.44% Basis Point Spread Above Index SOFR+715 | Common Equity - 23.0% of Net Assets | $9.21M | $9.23M | -$21.0K | 11.44% | +7.15% | — |
Related Party PSLF Cash and Cash Equivalents | — | 44.8% Issuer Name Goldman Sachs Financial Square Government Fund | $9.14M | $9.14M | $0.00 | 4.22% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt - 78.4% Issuer Name Infinity Home Services Holdco, Inc. Maturity 12/28/2028 | Personal, Food and Miscellaneous Services Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 78.4% of Net Assets | $9.02M | $8.92M | $100.0K | 9.80% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Dynata, LLC - Last Out Term Loan Maturity 10/16/28 | Business Services Current Coupon 10.08% Basis Point Spread Above Index SOFR+576 | Common Equity - 23.0% of Net Assets | $8.98M | $9.72M | -$735.0K | 10.08% | +5.76% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name CF512, Inc. Maturity 08/20/2026 | Media Current Coupon 10.50% Basis Point Spread Above Index SOFR+619 | Common Equity - 23.0% of Net Assets | $8.95M | $9.00M | -$44.0K | 10.50% | +6.19% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name VRS Buyer, Inc. Maturity 11/21/1930 | Business Services Current Coupon 9.08% Basis Point Spread Above Index SOFR+475 | Common Equity - 23.0% of Net Assets | $8.93M | $8.94M | -$8.0K | 9.08% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. Maturity 01/23/2029 | Media Current Coupon 10.80% Basis Point Spread Above Index 3M SOFR+650 | First Lien Secured Debt - 78.4% of Net Assets | $8.91M | $8.78M | $126.0K | 10.80% | +6.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Bioderm, Inc. Maturity 01/31/2028 | Healthcare, Education and Childcare Current Coupon 10.82% Basis Point Spread Above Index SOFR+650 | Common Equity - 23.0% of Net Assets | $8.75M | $8.76M | -$7.0K | 10.82% | +6.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name ITI Holdings, Inc. Maturity 03/03/2028 | Business Services Current Coupon 9.94% Basis Point Spread Above Index 3M SOFR+565 | First Lien Secured Debt - 78.4% of Net Assets | $8.70M | $8.62M | $88.0K | 9.94% | +5.65% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Connatix Buyer, Inc. Maturity 07/13/27 | Media Current Coupon 10.05% Basis Point Spread Above Index SOFR+576 | Common Equity - 23.0% of Net Assets | $8.67M | $8.66M | $12.0K | 10.05% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ledge Lounger, Inc. Maturity 11/09/2026 | Consumer Products Current Coupon 11.95% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+765 | First Lien Secured Debt - 78.4% of Net Assets | $8.48M | $8.93M | -$452.0K | 11.95% | +7.65% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name One Stop Mailing, LLC Maturity 05/07/2027 | Transportation Current Coupon 10.69% Basis Point Spread Above Index SOFR+636 | Common Equity - 23.0% of Net Assets | $8.34M | $8.24M | $95.0K | 10.69% | +6.36% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name MBS Holdings, Inc. Maturity 04/16/2027 | Telecommunications Current Coupon 9.35% Basis Point Spread Above Index SOFR+510 | Common Equity - 23.0% of Net Assets | $8.29M | $8.23M | $58.0K | 9.35% | +5.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Second Lien Secured Debt - 3.7% of Net Assets Issuer Name Burgess Point Purchaser Corporation Maturity 07/28/2030 | Auto Sector Current Coupon 13.39% Basis Point Spread Above Index 3M SOFR+910 | Second Lien Secured Debt - 3.7% of Net Assets | $8.00M | $7.72M | $280.0K | 13.39% | +9.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Impact Advisors, LLC Maturity 03/19/2032 | Business Services Current Coupon 9.06% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt - 78.4% of Net Assets | $7.96M | $7.96M | $0.00 | 9.06% | +4.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name HEC Purchaser Corp. Maturity 06/17/29 | Healthcare, Education and Childcare Current Coupon 9.72% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $7.94M | $7.86M | $84.0K | 9.72% | +5.50% | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% Preferred Equity/Partnership Interests - 1.9% Issuer Name Cascade Environmental Holdings, LLC | Environmental Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $7.85M | $32.79M | -$24.94M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Hills Distribution, Inc. Maturity 11/08/2029 | Distribution Current Coupon 10.32% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 78.4% of Net Assets | $7.77M | $7.77M | -$8.0K | 10.32% | +6.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name LJ Avalon Holdings, LLC Maturity 01/31/30 | Environmental Services Current Coupon 9.07% Basis Point Spread Above Index SOFR+475 | Common Equity - 23.0% of Net Assets | $7.67M | $7.58M | $92.0K | 9.07% | +4.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name MAG DS Corp. Maturity 04/01/27 | Aerospace and Defense Current Coupon 9.90% Basis Point Spread Above Index SOFR+560 | Common Equity - 23.0% of Net Assets | $7.64M | $7.91M | -$269.0K | 9.90% | +5.60% | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Preferred Equity - 5.7% Issuer Name Flock Financial Class A Preferred Equity | Financial Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $7.63M | $7.31M | $314.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name Northwinds Topco, Inc. Maturity 10/30/2029 | Consumer Services Current Coupon PIK 15.00% | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $7.60M | $7.58M | $17.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name C5MI Acquisition, LLC Maturity 07/31/2029 | Business Services Current Coupon 10.30% Basis Point Spread Above Index SOFR+600 | Common Equity - 23.0% of Net Assets | $7.46M | $7.37M | $97.0K | 10.30% | +6.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name ACP Avenu Buyer, LLC Maturity 10/02/2029 | Business Services Current Coupon 9.56% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $7.42M | $7.50M | -$83.0K | 9.56% | +5.25% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name NBH Group LLC Maturity 08/19/2026 | Healthcare, Education and Childcare Current Coupon 9.92% Basis Point Spread Above Index SOFR+560 | Common Equity - 23.0% of Net Assets | $7.32M | $7.29M | $31.0K | 9.92% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name PennantPark-TSO Senior Loan Fund II, LP | Financial Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $7.26M | $8.12M | -$860.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Eval Home Health Solutions Intermediate, LLC Maturity 05/10/30 | Healthcare, Education and Childcare Current Coupon 10.07% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $7.22M | $7.13M | $93.0K | 10.07% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Cartessa Aesthetics, LLC | Distribution | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $7.16M | $3.56M | $3.60M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Municipal Emergency Services, Inc. | Distribution | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $7.13M | $3.98M | $3.15M | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Megawatt Acquisitionco, Inc. Maturity 03/01/1930 | Business Services Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $7.06M | $7.82M | -$762.0K | 9.80% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Emergency Care Partners, LLC Maturity 10/18/27 | Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index SOFR+550 | Common Equity - 23.0% of Net Assets | $6.96M | $6.92M | $42.0K | 9.80% | +5.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Big Top Holdings, LLC Maturity 02/28/2030 | Manufacturing / Basic Industries Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $6.66M | $6.56M | $102.0K | 10.05% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Sales Benchmark Index LLC Maturity 07/07/2026 | Business Services Current Coupon 10.50% Basis Point Spread Above Index SOFR+620 | Common Equity - 23.0% of Net Assets | $6.66M | $6.62M | $35.0K | 10.50% | +6.20% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Second Lien Secured Debt - 3.7% of Net Assets Issuer Name ENC Parent Corporation - Second Lien Maturity 08/19/2029 | Business Services Current Coupon 12.09% Basis Point Spread Above Index 3M SOFR+776 | Second Lien Secured Debt - 3.7% of Net Assets | $6.49M | $7.45M | -$963.0K | 12.09% | +7.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name System Planning and Analysis, Inc. Maturity 08/16/2027 | Aerospace and Defense Current Coupon 9.28% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $6.42M | $6.35M | $72.0K | 9.28% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Global Holdings InterCo LLC Maturity 03/16/26 | Banking, Finance, Insurance & Real Estate Current Coupon 9.92% Basis Point Spread Above Index SOFR+560 | Common Equity - 23.0% of Net Assets | $6.34M | $6.60M | -$259.0K | 9.92% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name OSP Embedded Purchaser, LLC Maturity 12/17/2029 | Aerospace and Defense Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $6.32M | $6.32M | $0.00 | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Athletico Holdings, LLC | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $6.19M | $10.00M | -$3.81M | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Hancock Roofing and Construction L.L.C. Maturity 12/31/26 | Insurance Current Coupon 9.93% Basis Point Spread Above Index SOFR+560 | Common Equity - 23.0% of Net Assets | $6.12M | $6.15M | -$31.0K | 9.93% | +5.60% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Inovex Information Systems Incorporated Maturity 12/17/30 | Business Services Current Coupon 9.57% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $5.96M | $5.96M | -$5.0K | 9.57% | +5.25% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name PL Acquisitionco, LLC Maturity 11/09/2027 | Retail Current Coupon 11.5016% (PIK 7.0%) Basis Point Spread Above Index SOFR+725 | Common Equity - 23.0% of Net Assets | $5.92M | $8.38M | -$2.46M | 11.50% | +7.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Boss Industries, LLC Maturity 12/27/2030 | Conglomerate Manufacturing Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $5.89M | $5.94M | -$49.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Project Granite Buyer, Inc. Maturity 12/31/2030 | Business Services Current Coupon 10.08% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $5.89M | $5.93M | -$34.0K | 10.08% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name PCS Midco, Inc. Maturity 03/01/1930 | Financial Services Current Coupon 10.05% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $5.81M | $5.71M | $98.0K | 10.05% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name DRI Holding Inc. Maturity 12/21/28 | Media Current Coupon 9.67% Basis Point Spread Above Index SOFR+535 | Common Equity - 23.0% of Net Assets | $5.75M | $5.43M | $313.0K | 9.67% | +5.35% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name GGG MIDCO, LLC Maturity 09/27/2030 | Home and Office Furnishings, Housewares and Durable Consumer Products Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $5.57M | $5.57M | -$1.0K | 9.32% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Burgess Point Purchaser Corporation Maturity 07/25/2029 | Auto Sector Current Coupon 9.65% Basis Point Spread Above Index SOFR+535 | Common Equity - 23.0% of Net Assets | $5.51M | $5.93M | -$422.0K | 9.65% | +5.35% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Imagine Acquisitionco, LLC Maturity 11/15/27 | Business Services Current Coupon 9.42% Basis Point Spread Above Index SOFR+510 | Common Equity - 23.0% of Net Assets | $5.47M | $5.42M | $43.0K | 9.42% | +5.10% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Rural Sourcing Holdings, Inc. (HPA SPQ Merger Sub, Inc.) Maturity 06/16/2029 | Professional Services Current Coupon 10.04% Basis Point Spread Above Index SOFR+575 | Common Equity - 23.0% of Net Assets | $5.34M | $5.37M | -$34.0K | 10.04% | +5.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Crane 1 Services, Inc. Maturity 08/16/27 | Personal, Food and Miscellaneous Services Current Coupon 9.69% Basis Point Spread Above Index SOFR+536 | Common Equity - 23.0% of Net Assets | $5.26M | $5.26M | -$5.0K | 9.69% | +5.36% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Azureon, LLC Maturity 06/26/2029 | Diversified Conglomerate Service Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $5.22M | $5.29M | -$63.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name NP Riverhead Industrial, LLC Maturity 05/24/2025 | Buildings and Real Estate Current Coupon 14.50% | First Lien Secured Debt - 78.4% of Net Assets | $5.00M | $5.00M | $1.0K | 14.50% | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name US Fertility Enterprises, LLC Maturity 10/07/1931 | Healthcare, Education and Childcare Current Coupon 8.83% Basis Point Spread Above Index SOFR+450 | Common Equity - 23.0% of Net Assets | $4.99M | $4.94M | $47.0K | 8.83% | +4.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Duggal Acquisition, LLC Maturity 09/30/30 | Marketing Services Current Coupon 9.05% Basis Point Spread Above Index SOFR+475 | Common Equity - 23.0% of Net Assets | $4.95M | $4.93M | $17.0K | 9.05% | +4.75% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Aechelon Technology Maturity 08/16/2029 | Aerospace and Defense Current Coupon 11.82% Basis Point Spread Above Index SOFR+750 | Common Equity - 23.0% of Net Assets | $4.90M | $4.81M | $90.0K | 11.82% | +7.50% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Seacoast Service Partners, LLC Maturity 12/20/2029 | Diversified Conglomerate Service Current Coupon 9.30% Basis Point Spread Above Index SOFR+500 | Common Equity - 23.0% of Net Assets | $4.88M | $4.95M | -$66.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name STG Distribution, LLC (fka Reception Purchaser) - Second Out Term Loans Maturity 03/10/2029 | Transportation Current Coupon 11.92% (PIK 6.50%) Basis Point Spread Above Index 3M SOFR+760 | First Lien Secured Debt - 78.4% of Net Assets | $4.84M | $5.37M | -$526.0K | 11.92% | +7.60% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Ad.net Acquisition, LLC Maturity 05/07/2026 | Media Current Coupon 10.56% Basis Point Spread Above Index SOFR+626 | Common Equity - 23.0% of Net Assets | $4.81M | $4.81M | $0.00 | 10.56% | +6.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Schlesinger Global, Inc. Maturity 07/14/2025 | Business Services Current Coupon 12.92% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+860 | First Lien Secured Debt - 78.4% of Net Assets | $4.76M | $5.01M | -$244.0K | 12.92% | +8.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Loving Tan Intermediate II, Inc. Maturity 05/31/2028 | Consumer Products Current Coupon 10.33% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 78.4% of Net Assets | $4.75M | $4.69M | $60.0K | 10.33% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Beta Plus Technologies, Inc. Maturity 07/02/2029 | Business Services Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $4.74M | $4.81M | -$72.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Atlas Purchaser, Inc. - Third Out Maturity 05/06/2028 | Telecommunications Current Coupon 11.44% Basis Point Spread Above Index 3M SOFR+711 | First Lien Secured Debt - 78.4% of Net Assets | $4.73M | $7.63M | -$2.91M | 11.44% | +7.11% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name DRS Holdings III, Inc. Maturity 11/03/25 | Consumer Products Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $4.63M | $4.64M | -$5.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seaway Buyer, LLC Maturity 06/13/2029 | Chemicals, Plastics and Rubber Current Coupon 10.45% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt - 78.4% of Net Assets | $4.41M | $4.63M | -$220.0K | 10.45% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Lorient Peregrine Investments, LP | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $4.36M | $4.53M | -$174.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name SSC Dominion Holdings, LLC | Electronics | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $4.34M | $36.0K | $4.30M | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name IG Investments Holdings, LLC Maturity 09/22/28 | Business Services Current Coupon 9.29% Basis Point Spread Above Index SOFR+500 | Common Equity - 23.0% of Net Assets | $4.33M | $4.32M | $7.0K | 9.29% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Five Star Buyer, Inc. Maturity 02/23/28 | Hotels, Motels, Inns and Gaming Current Coupon 11.46% Basis Point Spread Above Index SOFR+715 | Common Equity - 23.0% of Net Assets | $4.15M | $4.13M | $24.0K | 11.46% | +7.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name STG Distribution, LLC (fka Reception Purchaser) - First Out New Money Term Loans Maturity 03/10/2029 | Transportation Current Coupon 12.66% (PIK 7.25%) Basis Point Spread Above Index 3M SOFR+835 | First Lien Secured Debt - 78.4% of Net Assets | $4.13M | $3.95M | $174.0K | 12.66% | +8.35% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name WCP Ivyrehab QP CF Feeder, LP | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $4.01M | $3.79M | $215.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Berwick Industrial Park Maturity 05/02/2025 | Buildings and Real Estate Current Coupon 13.00% | First Lien Secured Debt - 78.4% of Net Assets | $4.00M | $4.01M | -$12.0K | 13.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Safe Haven Defense US LLC Maturity 05/23/2029 | Building Materials Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $3.94M | $3.89M | $52.0K | 9.30% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Riverpoint Medical, LLC Maturity 06/21/2025 | Healthcare, Education and Childcare Current Coupon 9.30% Basis Point Spread Above Index SOFR+500 | Common Equity - 23.0% of Net Assets | $3.91M | $3.91M | $4.0K | 9.30% | +5.00% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Graffiti Buyer, Inc. Maturity 08/10/27 | Distribution Current Coupon 9.91% Basis Point Spread Above Index SOFR+560 | Common Equity - 23.0% of Net Assets | $3.91M | $3.94M | -$32.0K | 9.91% | +5.60% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name RRA Corporate, LLC Maturity 08/15/2029 | Business Services Current Coupon 9.55% Basis Point Spread Above Index SOFR+525 | Common Equity - 23.0% of Net Assets | $3.88M | $3.95M | -$66.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Quad (U.S.) Co-Invest, L.P. | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.88M | $2.96M | $917.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ORL Acquisition, Inc. Maturity 09/03/2027 | Business Services Current Coupon 13.73% (PIK 7.50%) Basis Point Spread Above Index 3M SOFR+940 | First Lien Secured Debt - 78.4% of Net Assets | $3.86M | $4.32M | -$462.0K | 13.73% | +9.40% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Owl Acquisition, LLC Maturity 02/04/2028 | Education Current Coupon 9.67% Basis Point Spread Above Index SOFR+535 | Common Equity - 23.0% of Net Assets | $3.83M | $3.82M | $14.0K | 9.67% | +5.35% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name AMCSI Crash Co-Invest, LP | Auto Sector | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.75M | $2.49M | $1.26M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name GMP Hills, LP | Distribution | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.71M | $3.75M | -$37.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Cowboy Parent LLC | Distribution | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.63M | $3.02M | $612.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Aechelon InvestCo, LP | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.58M | $1.07M | $2.51M | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/25 | Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 0.00% | Common Equity - 23.0% of Net Assets | $3.54M | $4.69M | -$1.15M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Mineola 212, LLC Maturity 06/24/2025 | Buildings and Real Estate Current Coupon 13.00% | First Lien Secured Debt - 78.4% of Net Assets | $3.50M | $3.50M | $1.0K | 13.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name Beacon Behavioral Holdings LLC Maturity 06/21/2030 | Healthcare, Education and Childcare Current Coupon PIK 15.00% | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.45M | $3.44M | $8.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Fairbanks Morse Defense Maturity 06/23/30 | Aerospace and Defense Current Coupon 8.80% Basis Point Spread Above Index SOFR+450 | Common Equity - 23.0% of Net Assets | $3.44M | $3.40M | $42.0K | 8.80% | +4.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name A1 Garage Equity, LLC | Personal, Food and Miscellaneous Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.44M | $2.19M | $1.25M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Second Lien Secured Debt - 3.7% of Net Assets Issuer Name Team Services Group, LLC Maturity 12/18/2028 | Healthcare, Education and Childcare Current Coupon 13.55% Basis Point Spread Above Index 3M SOFR+926 | Second Lien Secured Debt - 3.7% of Net Assets | $3.38M | $3.42M | -$48.0K | 13.55% | +9.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name ITC Infusion Co-invest, LP | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.30M | $1.67M | $1.62M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name MDI Aggregator, LP | Chemicals, Plastics and Rubber | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.28M | $3.22M | $59.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name FedHC InvestCo II LP | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.00M | $2.30M | $702.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Teneo Holdings LLC Maturity 03/13/1931 | Business Services Current Coupon 9.07% Basis Point Spread Above Index SOFR+475 | Common Equity - 23.0% of Net Assets | $2.97M | $2.94M | $29.0K | 9.07% | +4.75% | — |
Related Party PSLF Equity Securities - 2.1% | Business Services | Common Equity - 23.0% of Net Assets | $2.96M | $2.35M | $614.0K | — | — | — |
Related Party PSLF Equity Securities - 2.1% Issuer Name New Insight Holdings, Inc. - Common Equity | Business Services | Common Equity - 23.0% of Net Assets | $2.96M | $2.35M | $614.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Kinetic Purchaser, LLC Maturity 11/10/2027 | Consumer Products Current Coupon 10.45% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt - 78.4% of Net Assets | $2.95M | $3.03M | -$82.0K | 10.45% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Lash OpCo, LLC Maturity 02/18/2027 | Consumer Products Current Coupon 12.14% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+785 | First Lien Secured Debt - 78.4% of Net Assets | $2.92M | $2.96M | -$36.0K | 12.14% | +7.85% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Summit Behavioral Healthcare, LLC Maturity 11/24/2028 | Healthcare, Education and Childcare Current Coupon 8.55% Basis Point Spread Above Index SOFR+425 | Common Equity - 23.0% of Net Assets | $2.92M | $3.40M | -$481.0K | 8.55% | +4.25% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 | Business Services Current Coupon 9.95% Basis Point Spread Above Index SOFR+565 | Common Equity - 23.0% of Net Assets | $2.87M | $2.88M | -$10.0K | 9.95% | +5.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ENC Parent Corporation Maturity -08/20/2029 | Business Services Current Coupon 8.84 % Basis Point Spread Above Index 3M SOFR+451 | First Lien Secured Debt - 78.4% of Net Assets | $2.85M | $3.03M | -$178.0K | 8.84% | +4.51% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sigma Defense Systems, LLC - Funded Revolver Maturity 12/20/2027 | Telecommunications Current Coupon 11.20% Basis Point Spread Above Index 3M SOFR+690 | First Lien Secured Debt - 78.4% of Net Assets | $2.83M | $2.83M | $0.00 | 11.20% | +6.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Infogroup Parent Holdings, Inc. | Other Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $2.81M | $2.04M | $769.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Lash OpCo, LLC - Funded Revolver Maturity 08/16/2026 | Consumer Products Current Coupon 12.14% (PIK 5.10%) Basis Point Spread Above Index 1M SOFR+785 | First Lien Secured Debt - 78.4% of Net Assets | $2.70M | $2.75M | -$55.0K | 12.14% | +7.85% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name RTIC Subsidiary Holdings, LLC - Funded Revolver Maturity 03/05/2029 | Consumer Products Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $2.65M | $2.71M | -$61.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Gauge Lash Coinvest LLC | Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $2.63M | $834.0K | $1.80M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Carnegie Dartlet, LLC - Funded Revolver -Maturity 02/07/2030 | Education Current Coupon 9.82% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 78.4% of Net Assets | $2.60M | $2.62M | -$26.0K | 9.82% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt - 78.4% Issuer Name C5MI Acquisition, LLC - Revolver Maturity -07/31/2029 | Business Services Current Coupon 10.30 % Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 78.4% of Net Assets | $2.48M | $2.44M | $33.0K | 10.30% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name eCommission Holding Corporation | Financial Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $2.36M | $905.0K | $1.46M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Aftermarket Drivetrain Products Holdings, LLC | Machinery | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $2.32M | $1.65M | $671.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Kinetic Purchaser, LLC - Funded Revolver Maturity 11/10/2026 | Consumer Products Current Coupon 10.45% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt - 78.4% of Net Assets | $2.31M | $2.43M | -$115.0K | 10.45% | +6.15% | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% of Net Assets Walker Edison Furniture Company LLC First Lien Secured Debt - 0.4% Issuer Name Walker Edison Furniture Company LLC - Junior Revolver Maturity 03/01/2029 | Home and Office Furnishings | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $2.30M | $3.33M | -$1.03M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Tinicum Space Coast Co-Invest, LLC | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $2.30M | $2.18M | $120.0K | — | — | — |
Related Party PSLF Cash and Cash Equivalents - 44.8% Issuer Name BlackRock Federal FD Institutional | — | Common Equity - 23.0% of Net Assets #81 | $2.22M | $2.22M | $0.00 | 4.22% | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name STG Distribution, LLC (fka Reception Purchaser) - Second Out Term Loans Maturity 10/04/2029 | Transportation Current Coupon 11.91% Basis Point Spread Above Index SOFR+760 | Common Equity - 23.0% of Net Assets | $2.22M | $2.46M | -$242.0K | 11.91% | +7.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PCS MIDCO INC Maturity 03/01/2030 | Financial Services Current Coupon 10.05% Basis Point Spread Above Index 1M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $2.18M | $2.15M | $30.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Blackhawk Industrial Distribution, Inc. - Funded Revolver Maturity 09/17/2026 | Distribution Current Coupon 9.70% Basis Point Spread Above Index 3M SOFR+540 | First Lien Secured Debt - 78.4% of Net Assets | $2.03M | $2.06M | -$36.0K | 9.70% | +5.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name FedHC InvestCo LP | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $2.02M | $545.0K | $1.48M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Lightspeed Buyer, Inc. Maturity 02/03/2027 | Healthcare, Education and Childcare Current Coupon 9.58% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 78.4% of Net Assets | $2.02M | $2.02M | $0.00 | 9.58% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Adweek Purchaser, LLC Maturity 05/30/2027 | Printing and Publishing Current Coupon 11.30% Basis Point Spread Above Index 3M SOFR+700 | First Lien Secured Debt - 78.4% of Net Assets | $2.00M | $1.97M | $30.0K | 11.30% | +7.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Zips Car Wash, LLC Maturity 03/31/2028 | Auto Sector | First Lien Secured Debt - 78.4% of Net Assets | $1.96M | $2.45M | -$492.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Confluent Health, LLC Maturity 11/30/28 | Healthcare, Education and Childcare Current Coupon 11.82% Basis Point Spread Above Index SOFR+750 | Common Equity - 23.0% of Net Assets | $1.96M | $1.96M | $0.00 | 11.82% | +7.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Northwinds Services Group, LLC | Consumer Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.93M | $1.68M | $253.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name STG Distribution, LLC (fka Reception Purchaser) - First Out New Money Term Loans Maturity 10/04/2029 | Transportation Current Coupon 12.67% Basis Point Spread Above Index SOFR+835 | Common Equity - 23.0% of Net Assets | $1.89M | $1.81M | $80.0K | 12.67% | +8.35% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Meadowlark Acquirer, LLC Maturity 12/10/2027 | Business Services Current Coupon 9.98% Basis Point Spread Above Index 3M SOFR+565 | First Lien Secured Debt - 78.4% of Net Assets | $1.88M | $1.90M | -$16.0K | 9.98% | +5.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Urology Partners Co., L.P. | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.87M | $1.11M | $756.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seaway Buyer, LLC - Funded Revolver Maturity 06/13/2028 | Chemicals, Plastics and Rubber Current Coupon 10.44% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt - 78.4% of Net Assets | $1.87M | $1.98M | -$114.0K | 10.44% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name IHS Parent Holdings, L.P. | Personal, Food and Miscellaneous Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.85M | $1.22M | $633.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Infinity Home Services Holdco, Inc. (CAD) Maturity 12/28/2028 | Personal, Food and Miscellaneous Services Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 78.4% of Net Assets | $1.82M | $1.90M | -$71.0K | 9.80% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Applied Technical Services LLC - Funded Revolver Maturity 12/29/2026 | Environmental Services Current Coupon 13.25% Basis Point Spread Above Index 3M SOFR+475 | First Lien Secured Debt - 78.4% of Net Assets | $1.80M | $1.80M | $0.00 | 13.25% | +4.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Kentucky Racing Holdco, LLC (Warrants) | Hotels, Motels, Inns and Gaming | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.76M | — | — | — | — | — |
2.3% of Net Assets Walker Edison Furniture Company LLC First Lien Secured Debt - 0.4% | Investments in Non-Controlled, Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.72M | $14.72M | -$13.00M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Exigo, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.72M | $1.46M | $257.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name New Medina Health, LLC | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.67M | $1.43M | $245.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Harris & Co. LLC Maturity 08/09/2030 | Financial Services | First Lien Secured Debt - 78.4% of Net Assets | $1.59M | $1.58M | $14.0K | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name LAV Gear Holdings, Inc. Maturity 10/31/2025 | Leisure, Amusement, Motion Pictures, Entertainment | First Lien Secured Debt - 78.4% of Net Assets | $1.58M | $2.09M | -$511.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Dynata, LLC - First Out Term Loan Maturity 07/17/28 | Business Services Current Coupon 9.58% Basis Point Spread Above Index SOFR+526 | Common Equity - 23.0% of Net Assets | $1.58M | $1.49M | $91.0K | 9.58% | +5.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ledge Lounger, Inc. - Funded Revolver Maturity 11/09/2026 | Consumer Products Current Coupon 11.95% (PIK 1.00%) Basis Point Spread Above Index 3M SOFR+765 | First Lien Secured Debt - 78.4% of Net Assets | $1.52M | $1.62M | -$93.0K | 11.95% | +7.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Delta InvestCo LP | Telecommunications | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.52M | $866.0K | $651.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name C5MI Acquisition, LLC - Funded Revolver Maturity - 07/31/2029 | Business Services Current Coupon 10.33 % Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 78.4% of Net Assets | $1.51M | $1.51M | $0.00 | 10.33% | +6.00% | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% Preferred Equity/Partnership Interests - 1.9% Issuer Name Cascade Environmental Holdings, LLC - Series B | Environmental Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.49M | $918.0K | $568.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Marketplace Events Acquisition, LLC | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.47M | $1.46M | $7.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name BioDerm Holdings, LP | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.43M | $1.31M | $113.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name MDI Buyer, Inc. - Funded Revolver Maturity 07/25/2028 | Chemicals, Plastics and Rubber Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+400 | First Lien Secured Debt - 78.4% of Net Assets | $1.39M | $1.41M | -$21.0K | 11.50% | +4.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name OceanSound Discovery Equity, LP (Holdco Sands Intermediate, LLC) | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.38M | $1.20M | $176.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Carnegie Holdco, LLC | Education | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.36M | $1.63M | -$272.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name EDS Topco, LP | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.35M | $938.0K | $416.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name RFMG Parent, LP | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.32M | $1.05M | $268.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name PAR Excellence Holdings, Inc. | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.28M | $1.09M | $194.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Cartessa Aesthetics, LLC-Revolver- Maturity 06/14/2028 | Distribution Current Coupon 10.05% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $1.26M | $1.26M | $0.00 | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name LJ Avalon, LP | Environmental Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.26M | $851.0K | $409.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Blackhawk Industrial Distribution, Inc. Maturity 09/17/2026 | Distribution Current Coupon 9.72% Basis Point Spread Above Index 3M SOFR+540 | First Lien Secured Debt - 78.4% of Net Assets | $1.25M | $1.27M | -$16.0K | 9.72% | +5.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rancho Health MSO, Inc. - Funded Revolver Maturity 06/20/2029 | Healthcare, Education and Childcare Current Coupon 9.60% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 78.4% of Net Assets | $1.25M | $1.25M | $0.00 | 9.60% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Watchtower Holdings, LLC | Electronics | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.23M | $1.24M | -$15.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Harris & Co. LLC - Funded Revolver Maturity 08/09/2030 | Financial Services Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $1.23M | $1.23M | $0.00 | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name GGG MIDCO, LLC | Home and Office Furnishings, Housewares and Durable Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.22M | $1.22M | -$4.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name OES Co-Invest, LP - Class A | Diversified Conglomerate Service | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.19M | $847.0K | $346.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Magnolia Topco LP - Class A | Auto Sector | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.11M | $1.54M | -$435.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Icon Partners V C, L.P. | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.11M | $1.13M | -$24.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name GCP Boss Holdco, LLC | Conglomerate Manufacturing | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.10M | $1.04M | $52.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name BioDerm, Inc. - Funded Revolver Maturity 01/31/2028 | Healthcare, Education and Childcare Current Coupon 10.81% Basis Point Spread Above Index 3M SOFR+650 | First Lien Secured Debt - 78.4% of Net Assets | $1.06M | $1.07M | -$10.0K | 10.81% | +6.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.06M | $1.14M | -$79.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Sabel InvestCo, LP | Government Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.05M | $830.0K | $217.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ro Health, LLC - Funded Revolver Maturity 01/17/2031 | Healthcare Providers & Services Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $1.04M | $1.05M | -$10.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name HV Watterson Holdings, LLC - Funded Revolver Maturity 12/17/2026 | Business Services Current Coupon 12.00% (PIK 4.00%) | First Lien Secured Debt - 78.4% of Net Assets | $1.03M | $1.24M | -$205.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Spendmend Holdings LLC Maturity 01/03/2028 | Business Services Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+515 | First Lien Secured Debt - 78.4% of Net Assets | $1.03M | $1.03M | $6.0K | 9.45% | +5.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Lightspeed Investment Holdco LLC | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.03M | $273.0K | $755.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name StoicLane, Inc. - Convertible Notes Maturity 08/16/2027 | Healthcare, Education and Childcare Current Coupon 12.00% | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $1.02M | $917.0K | $101.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name ITI Holdings, Inc. - Funded Revolver Maturity 03/03/2028 | Business Services Current Coupon 12.00% Basis Point Spread Above Index 3M SOFR+450 | First Lien Secured Debt - 78.4% of Net Assets | $1.00M | $1.00M | $0.00 | 12.00% | +4.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Zips Car Wash, LLC - DIP Maturity 10/08/2025 | Auto Sector Current Coupon 11.70% Basis Point Spread Above Index 3M SOFR+740 | First Lien Secured Debt - 78.4% of Net Assets | $993.0K | $1.00M | -$8.0K | 11.70% | +7.40% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Inovex Information Systems Incorporated - Funded Revolver Maturity 12/17/2030 | Business Services Current Coupon 9.57% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 78.4% of Net Assets | $990.0K | $998.0K | -$8.0K | 9.57% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Tower Arch Infolinks Media, LP | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $974.0K | $252.0K | $722.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Imagine Topco, LP Preferred | Business Services Current Coupon 8.00% | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $941.0K | $744.0K | $197.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Compex Legal Services, Inc. Maturity 02/09/26 | Business Services Current Coupon 9.89% Basis Point Spread Above Index SOFR+545 | Common Equity - 23.0% of Net Assets | $934.0K | $934.0K | $0.00 | 9.89% | +5.45% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name OSP Embedded Aggregator, LP | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $932.0K | $871.0K | $61.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name RTIC Parent Holdings, LLC - Class C | Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $913.0K | $699.0K | $214.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name RRA Corporate, LLC - Funded Revolver Maturity 08/15/2029 | Business Services Current Coupon 9.55% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 78.4% of Net Assets | $890.0K | $913.0K | -$23.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Radius Aerospace, Inc. - Funded Revolver Maturity 03/29/2027 | Aerospace and Defense Current Coupon 10.46% Basis Point Spread Above Index 3M SOFR+615 | First Lien Secured Debt - 78.4% of Net Assets | $869.0K | $891.0K | -$22.0K | 10.46% | +6.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name ACP Big Top Holdings, L.P. | Manufacturing/Basic Industry | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $868.0K | $744.0K | $124.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Marketplace Events Acquisition, LLC Maturity 12/19/2030 | Media Current Coupon 9.55% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 78.4% of Net Assets | $862.0K | $862.0K | $0.00 | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name TCG 3.0 Jogger Co-Invest, LP | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $840.0K | $1.25M | -$412.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seacoast Service Partners, LLC Maturity 12/20/2029 | Diversified Conglomerate Service Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $834.0K | $844.0K | -$10.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Solutionreach, Inc. - Funded Revolver Maturity 07/17/2025 | Communications Current Coupon 11.45% Basis Point Spread Above Index 3M SOFR+715 | First Lien Secured Debt - 78.4% of Net Assets | $830.0K | $833.0K | -$3.0K | 11.45% | +7.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Pacific Purchaser, LLC Maturity 10/02/2028 | Business Services Current Coupon 10.56% Basis Point Spread Above Index 3M SOFR+625 | First Lien Secured Debt - 78.4% of Net Assets | $825.0K | $810.0K | $15.0K | 10.56% | +6.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Burgess Point Holdings, LP | Auto Sector | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $799.0K | $777.0K | $22.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name AH Newco Equityholdings, LLC | Healthcare, Education and Childcare Current Coupon 6.00% | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $795.0K | $500.0K | $295.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Ironclad Holdco, LLC (Applied Technical Services, LLC) | Environmental Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $776.0K | $525.0K | $251.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Beacon Behavioral Support Service, LLC -- Funded Revolver Maturity 12/22/2025 | Healthcare, Education and Childcare Current Coupon 9.80% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 78.4% of Net Assets | $774.0K | $782.0K | -$8.0K | 9.80% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name AFC Acquisitions, Inc. | Distribution | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $765.0K | $780.0K | -$15.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Case Works, LLC - Funded Revolver Maturity 10/01/2029 | Business Services Current Coupon9.55 % Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 78.4% of Net Assets | $750.0K | $755.0K | -$5.0K | 9.55% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Hancock Roofing and Construction L.L.C. Maturity 12/31/2026 | Insurance Current Coupon 9.92% Basis Point Spread Above Index 3M SOFR+560 | First Lien Secured Debt - 78.4% of Net Assets | $746.0K | $750.0K | -$4.0K | 9.92% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name NORA Parent Holdings, LLC | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $738.0K | $1.25M | -$510.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) - Funded Revolver Maturity 06/30/2026 | Media Current Coupon 10.20% Basis Point Spread Above Index 3M SOFR+590 | First Lien Secured Debt - 78.4% of Net Assets | $691.0K | $691.0K | $0.00 | 10.20% | +5.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name NFS - CFP Holdings LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $678.0K | $663.0K | $15.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Gauge Loving Tan, LP | Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $651.0K | $544.0K | $107.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name KL Stockton Co-Invest LP (Any Hour Services) | Personal, Food and Miscellaneous Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $650.0K | $385.0K | $265.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name C5MI Holdco, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $646.0K | $754.0K | -$108.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Seaway Topco, LP | Chemicals, Plastics and Rubber | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $623.0K | $2.98M | -$2.36M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Consello Pacific Aggregator, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $615.0K | $743.0K | -$128.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name GCOM InvestCo LP | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $593.0K | $1.00M | -$410.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Magenta Buyer, LLC -Third out Maturity 07/31/28 | Software Current Coupon 11.55% Basis Point Spread Above Index SOFR+726 | Common Equity - 23.0% of Net Assets | $590.0K | $2.16M | -$1.57M | 11.55% | +7.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name NXOF Holdings, Inc. (Tyto Athene, LLC) | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $587.0K | $422.0K | $165.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name SV Aero Holdings, LLC | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $572.0K | $216.0K | $356.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Recteq, LLC - Funded Revolver Maturity 01/29/2026 | Consumer Products Current Coupon 11.24% Basis Point Spread Above Index 3M SOFR+700 | First Lien Secured Debt - 78.4% of Net Assets | $561.0K | $563.0K | -$2.0K | 11.24% | +7.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ETE Intermediate II, LLC Maturity -05/25/2029 | Personal, Food and Miscellaneous Services Current Coupon 10.81 % Basis Point Spread Above Index 3M SOFR+650 | — | $555.0K | $551.0K | $4.0K | 10.81% | +6.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name HPA SPQ Aggregator LP | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $548.0K | $750.0K | -$202.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Events Buyer, LLC | Event Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $536.0K | $536.0K | $0.00 | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Michael Baker International, LLC Maturity 12/18/2028 | Business Services Current Coupon 8.32% Basis Point Spread Above Index SOFR+400 | Common Equity - 23.0% of Net Assets | $496.0K | $497.0K | -$1.0K | 8.32% | +4.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Infinity Home Services Holdco, Inc. - Funded Revolver Maturity 12/28/2028 | Personal, Food and Miscellaneous Services Current Coupon 12.00% Basis Point Spread Above Index 3M SOFR+450 | First Lien Secured Debt - 78.4% of Net Assets | $484.0K | $484.0K | $0.00 | 12.00% | +4.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Megawatt Acquisitionco, Inc. - Funded Revolver Maturity 03/01/2030 | Electronics Current Coupon 9.82% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 78.4% of Net Assets | $472.0K | $529.0K | -$57.0K | 9.82% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name United Land Services Holdings LLC | Environmental Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $471.0K | $600.0K | -$129.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Loving Tan Intermediate II, Inc. - Funded Revolver Maturity 05/31/2028 | Consumer Products Current Coupon 10.30% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 78.4% of Net Assets | $465.0K | $465.0K | $0.00 | 10.30% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name OHCP V BC COI, L.P. | Distribution | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $455.0K | $700.0K | -$245.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name SBI Holdings Investments LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $444.0K | $366.0K | $78.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Meadowlark Acquirer, LLC - Funded Revolver Maturity 12/10/2027 | Business Services Current Coupon 9.95% Basis Point Spread Above Index 3M SOFR+565 | First Lien Secured Debt - 78.4% of Net Assets | $443.0K | $449.0K | -$6.0K | 9.95% | +5.65% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name PCS Parent, LP | Financial Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $442.0K | $421.0K | $21.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name System Planning and Analysis, Inc. - Funded Revolver Maturity 08/16/2027 | Aerospace and Defense Current Coupon 9.26% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $437.0K | $437.0K | $0.00 | 9.26% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name EvAL Home Health Solutions, LLC | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $433.0K | $453.0K | -$20.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name TAC LifePort Holdings, LLC | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $430.0K | $239.0K | $191.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name NORA Acquisition, LLC - Funded Revolver Maturity 08/31/2029 | Healthcare, Education and Childcare Current Coupon 10.65% Basis Point Spread Above Index 3M SOFR+635 | First Lien Secured Debt - 78.4% of Net Assets | $406.0K | $406.0K | $0.00 | 10.65% | +6.35% | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Magenta Buyer, LLC -First out Maturity 07/31/28 | Software Current Coupon 11.30% Basis Point Spread Above Index SOFR+701 | Common Equity - 23.0% of Net Assets | $405.0K | $450.0K | -$45.0K | 11.30% | +7.01% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Five Star Parent Holdings, LLC | Leisure, Amusement, Motion Pictures, Entertainment | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $392.0K | $656.0K | -$264.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ETE Intermediate II, LLC - Funded RevolverMaturity -05/25/2029 | Personal, Food and Miscellaneous Services Current Coupon 10.82 % Basis Point Spread Above Index 3M SOFR+650 | First Lien Secured Debt - 78.4% of Net Assets | $386.0K | $386.0K | $0.00 | 10.82% | +6.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name CJX Borrower, LLC Funded Revolver Maturity -7/13/2027 | Media Current Coupon 10.07 % Basis Point Spread Above Index 3M SOFR+576 | First Lien Secured Debt - 78.4% of Net Assets | $372.0K | $372.0K | $0.00 | 10.07% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Project Granite Holdings, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $370.0K | $369.0K | $1.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name North Haven Saints Equity Holdings, LP | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $369.0K | $352.0K | $17.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Accounting Platform Blocker, Inc. | Financial Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $356.0K | $356.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Azureon, LLC | Diversified Conglomerate Service | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $351.0K | $508.0K | -$157.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Hancock Claims Consultants Investors, LLC | Insurance | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $333.0K | $450.0K | -$117.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Gauge ETE Blocker, LLC | Personal, Food and Miscellaneous Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $332.0K | $374.0K | -$42.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Compex Legal Services, Inc. - Unfounded Revolver Maturity -02/07/2026 | Business Services Current Coupon 9.81 % Basis Point Spread Above Index 3M SOFR+555 | First Lien Secured Debt - 78.4% of Net Assets | $328.0K | $328.0K | $0.00 | 9.81% | +5.55% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name TPC Holding Company, LP | Food | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $311.0K | $219.0K | $92.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Kinetic Purchaser, LLC | Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $310.0K | $1.31M | -$999.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PCS MIDCO INC - Funded Revolver Maturity 03/01/2030 | Financial Services Current Coupon 10.05% Basis Point Spread Above Index 1M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $310.0K | $308.0K | $2.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Atlas Purchaser, Inc. - Fourth Out Maturity 05/06/2028 | Telecommunications Current Coupon 11.44% Basis Point Spread Above Index 3M SOFR+711 | First Lien Secured Debt - 78.4% of Net Assets | $305.0K | $742.0K | -$437.0K | 11.44% | +7.11% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Duggal Acquisition, LLC | Marketing Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $300.0K | $314.0K | -$14.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Ad.net Holdings, Inc. | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $300.0K | $240.0K | $60.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name Magenta Buyer, LLC -Second out Maturity 07/31/28 | Software Current Coupon 12.30% Basis Point Spread Above Index SOFR+801 | Common Equity - 23.0% of Net Assets | $297.0K | $586.0K | -$289.0K | 12.30% | +8.01% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ad.net Acquisition, LLC - Funded Revolver Maturity 05/06/2026 | Media Current Coupon 10.55% Basis Point Spread Above Index 33M SOFR+626 | First Lien Secured Debt - 78.4% of Net Assets | $292.0K | $292.0K | $0.00 | 10.55% | +6.26% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Ro Health Holdings, Inc. | Healthcare Providers & Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $290.0K | $290.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name CJX Borrower, LLC Maturity 7/13/2027 | Media Current Coupon 10.05 % Basis Point Spread Above Index 3M SOFR+576 | First Lien Secured Debt - 78.4% of Net Assets | $286.0K | $278.0K | $8.0K | 10.05% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Megawatt Acquisition Partners, LLC - Class A | Electronics | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $275.0K | $535.0K | -$260.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Seacoast Service Partners, LLC | Diversified Conglomerate Service | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $273.0K | $280.0K | -$7.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Gauge ETE Blocker, LLC - Promissory Note Maturity 05/21/2029 | Personal, Food and Miscellaneous Services Current Coupon 12.56% | First Lien Secured Debt - 78.4% of Net Assets | $268.0K | $268.0K | $0.00 | 12.56% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Safe Haven Defense MidCo, LLC | Building Materials | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $267.0K | $227.0K | $40.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ACP Avenu Buyer, LLC - Funded Revolver Maturity 10/02/2029 | Business Services Current Coupon 9.56% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 78.4% of Net Assets | $264.0K | $271.0K | -$7.0K | 9.56% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Boss Industries, LLC - Funded Revolver Maturity 12/27/2030 | Conglomerate Manufacturing Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $257.0K | $261.0K | -$4.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name OSP Embedded Aggregator, LP - Convertible Note Maturity 08/05/2030 | Aerospace and Defense Current Coupon 12.00% | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $254.0K | $237.0K | $17.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Graffiti Buyer, Inc. - Funded Revolver Maturity 08/10/2027 | Distribution Current Coupon 9.92% Basis Point Spread Above Index 3M SOFR+560 | First Lien Secured Debt - 78.4% of Net Assets | $252.0K | $256.0K | -$4.0K | 9.92% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Azureon, LLC - Funded Revolver Maturity 06/26/2026 | Diversified Conglomerate Service | First Lien Secured Debt - 78.4% of Net Assets | $249.0K | $255.0K | -$6.0K | 10.05% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sales Benchmark Index LLC - Funded Revolver Maturity 07/07/2026 | Business Services Current Coupon 9.50% Basis Point Spread Above Index 3M SOFR+520 | First Lien Secured Debt - 78.4% of Net Assets | $244.0K | $244.0K | $0.00 | 9.50% | +5.20% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Graffiti Buyer, Inc. Maturity 08/10/2027 | Distribution Current Coupon 9.92% Basis Point Spread Above Index 3M SOFR+560 | First Lien Secured Debt - 78.4% of Net Assets | $242.0K | $245.0K | -$3.0K | 9.90% | +5.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name HV Watterson Holdings, LLC Maturity 12/17/2026 | Business Services Current Coupon 12.00% (PIK 4.00%) | First Lien Secured Debt - 78.4% of Net Assets | $238.0K | $284.0K | -$46.0K | 12.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seacoast Service Partners, LLC - Funded Revolver Maturity 12/20/2029 | Diversified Conglomerate Service Current Coupon 9.30% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $226.0K | $230.0K | -$4.0K | 9.30% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name WCP Ivyrehab Coinvestment, LP | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $222.0K | $208.0K | $14.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Crane 1 Acquisition Parent Holdings, L.P. | Personal, Food and Miscellaneous Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $211.0K | $104.0K | $107.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Carisk Parent, L.P. | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $198.0K | $204.0K | -$6.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rural Sourcing Holdings, Inc. - Funded Revolver Maturity 06/15/2029 | Business Services Current Coupon 10.08% Basis Point Spread Above Index 3M SOFR+575 | First Lien Secured Debt - 78.4% of Net Assets | $197.0K | $201.0K | -$4.0K | 10.08% | +5.75% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Five Star Buyer, Inc. Maturity 02/23/2028 | Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 11.67% Basis Point Spread Above Index 3M SOFR+710 | First Lien Secured Debt - 78.4% of Net Assets | $195.0K | $196.0K | -$1.0K | 11.67% | +7.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name AG Investco LP | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $189.0K | $805.0K | -$616.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name The Vertex Companies, LLC Maturity 08/31/2028 | Business Services Current Coupon 9.42% Basis Point Spread Above Index 3M SOFR+510 | First Lien Secured Debt - 78.4% of Net Assets | $181.0K | $180.0K | $1.0K | 9.42% | +5.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name QuantiTech InvestCo LP | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $172.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Municipal Emergency Services, Inc. Maturity 10/01/2027 | Distribution Current Coupon 9.45% Basis Point Spread Above Index 3M SOFR+515 | First Lien Secured Debt - 78.4% of Net Assets | $172.0K | $171.0K | $1.0K | 9.45% | +5.15% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. - Funded Revolver Maturity 01/23/2029 | Media Current Coupon 13.00% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 78.4% of Net Assets | $172.0K | $172.0K | $0.00 | 13.00% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Hancock Claims Consultants Investors, LLC - Class A | Insurance | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $167.0K | $76.0K | $91.0K | — | — | — |
Related Party PSLF First Lien Secured Debt - 1002.1% Issuer Name LAV Gear Holdings, Inc. - Incremental TL Maturity 10/31/25 | Leisure, Amusement, Motion Pictures, Entertainment Current Coupon 10.00% | Common Equity - 23.0% of Net Assets | $161.0K | $119.0K | $42.0K | 10.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Altamira Intermediate Company II, Inc. | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $143.0K | $125.0K | $18.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name RTIC Parent Holdings, LLC - Class D | Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $138.0K | $113.0K | $25.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Halo Buyer, Inc. - Funded Revolver Maturity 08/07/2029 | Consumer Products Current Coupon 10.32% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 78.4% of Net Assets | $127.0K | $135.0K | -$8.0K | 10.32% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Harris & Co. LLC - Unfunded Term Loan B Maturity 02/09/2026 | Financial Services | First Lien Secured Debt - 78.4% of Net Assets | $126.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name NEPRT Parent Holdings, LLC (Recteq, LLC) | Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $113.0K | $1.25M | -$1.14M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name UniVista Insurance | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $113.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name C5MI Holdco, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $113.0K | $104.0K | $9.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name StellPen Holdings, LLC | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $112.0K | $154.0K | -$42.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name IG Investment Holdings LLC Maturity 09/22/2028 | Business Services Current Coupon 9.29% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $103.0K | $104.0K | -$1.0K | 9.29% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Municipal Emergency Services, Inc. - Funded Revolver Maturity 10/01/2027 | Distribution Current Coupon 11.50% Basis Point Spread Above Index 3M SOFR+400 | First Lien Secured Debt - 78.4% of Net Assets | $94.0K | $94.0K | $0.00 | 11.50% | +4.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name CF512, Inc. - Funded Revolver Maturity 08/20/2026 | Media Current Coupon 10.34% Basis Point Spread Above Index 3M SOFR+602 | First Lien Secured Debt - 78.4% of Net Assets | $81.0K | $82.0K | -$1.0K | 10.34% | +6.02% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Dynata, LLC - Last-Out Term Loan Maturity-10/16/2028 | Business Services Current Coupon 10.08% Basis Point Spread Above Index 3M SOFR+576 | First Lien Secured Debt - 78.4% of Net Assets | $77.0K | $84.0K | -$7.0K | 10.08% | +5.76% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name LAV Gear Holdings, Inc. - Incremental Term Loan Maturity 10/31/2025 | Leisure, Amusement, Motion Pictures, Entertainment Current Coupon PIK 10.00% | First Lien Secured Debt - 78.4% of Net Assets | $72.0K | $53.0K | $19.0K | 10.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Connatix Parent, LLC | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $70.0K | $632.0K | -$562.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Archer Lewis, LLC - Unfunded Term Loan B Maturity 08/28/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | $68.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name AFC Dell Holding Corp. Maturity 04/09/2027 | Distribution Current Coupon 9.82% Basis Point Spread Above Index 3M SOFR+550 | First Lien Secured Debt - 78.4% of Net Assets | $67.0K | $67.0K | $0.00 | 9.82% | +5.50% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name MOREGroup Holdings, Inc. - Unfunded Term Loan Maturity 01/16/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | $61.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Loving Tan Intermediate II, Inc. - Unfunded Term Loan Maturity 07/14/2025 | Consumer Products | First Lien Secured Debt - 78.4% of Net Assets | $44.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Riverpoint Medical, LLC - Funded Revolver Maturity 06/21/2027 | Healthcare, Education and Childcare Current Coupon 9.32% Basis Point Spread Above Index 3M SOFR+500 | First Lien Secured Debt - 78.4% of Net Assets | $42.0K | $42.0K | $0.00 | 9.32% | +5.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name TWD Parent Holdings, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $42.0K | $29.0K | $13.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Pacific Purchaser, LLC - Unfunded Term Loan Maturity 10/02/2028 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | $37.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name CJX Borrower, LLC Unfunded Term Loan Maturity -7/13/2027 | Media | First Lien Secured Debt - 78.4% of Net Assets | $34.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PCS MIDCO INC - Unfunded Term Loan Maturity 03/02/2026 | Financial Services | First Lien Secured Debt - 78.4% of Net Assets | $34.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name StoicLane, Inc. - Unfunded Convertible Notes Maturity 08/16/2027 | Healthcare, Education and Childcare Current Coupon | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $34.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Schlesinger Global, Inc. - Funded Revolver Maturity 07/14/2025 | Business Services Current Coupon 12.92% (PIK 5.85%) Basis Point Spread Above Index 3M SOFR+860 | First Lien Secured Debt - 78.4% of Net Assets | $31.0K | $33.0K | -$2.0K | 12.92% | +8.60% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Imagine Acquisitionco, LLC - Funded Revolver Maturity 11/16/2027 | Business Services Current Coupon 9.40% Basis Point Spread Above Index 3M SOFR+510 | First Lien Secured Debt - 78.4% of Net Assets | $29.0K | $29.0K | $0.00 | 9.40% | +5.10% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ACP Avenu Buyer, LLC Maturity 10/02/2029 | Business Services Current Coupon 9.56% Basis Point Spread Above Index 3M SOFR+525 | First Lien Secured Debt - 78.4% of Net Assets | $27.0K | $28.0K | -$1.0K | 9.56% | +5.25% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name New Insight Holdings, Inc. | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $26.0K | $20.0K | $6.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Applied Technical Services, LLC - Unfunded Term Loan Maturity 07/17/2025 | Environmental Services | First Lien Secured Debt - 78.4% of Net Assets | $26.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name BLC Holding Company, Inc. - Unfunded Term Loan Maturity 11/20/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | $24.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name SV-Aero Holdings, LLC - Unfunded Term Loan Maturity 02/11/2026 | Aerospace and Defense | First Lien Secured Debt - 78.4% of Net Assets | $18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rancho Health MSO, Inc. - Unfunded Term Loan Maturity 06/30/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | $16.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name BlueHalo Financing Holdings, LLC Maturity 10/31/2025 | Aerospace and Defense Current Coupon 10.30% Basis Point Spread Above Index 3M SOFR+600 | First Lien Secured Debt - 78.4% of Net Assets | $14.0K | $14.0K | $0.00 | 10.30% | +6.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Medina Health, LLC - Unfunded Revolver Maturity 10/20/2028 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | $14.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name TransGo, LLC - Unfunded Revolver Maturity 12/29/2028 | Machinery | First Lien Secured Debt - 78.4% of Net Assets | $14.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name QuantiTech InvestCo II LP | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $12.0K | $14.0K | -$2.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name LJ Avalon Holdings, LLC - Unfunded Term Loan Maturity 10/01/2025 | Environmental Services | First Lien Secured Debt - 78.4% of Net Assets | $12.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Duggal Acquisition, LLC - Unfunded Term Loan Maturity-09/30/2026 | Marketing Services | First Lien Secured Debt - 78.4% of Net Assets | $10.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name ORL Holdco, Inc. | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $9.0K | $57.0K | -$48.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Spendmend Holdings LLC - Unfunded Term Loan 2 Maturity 11/25/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | $8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name System Planning and Analysis, Inc. - Unfunded Term Loan Maturity 08/16/2027 | Aerospace and Defense | First Lien Secured Debt - 78.4% of Net Assets | $8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Connatix Parent, LLC | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $8.0K | $8.0K | $0.00 | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Omnia Exterior Solutions, LLC - Unfunded Term Loan 2 Maturity 09/30/2026 | Diversified Conglomerate Service | First Lien Secured Debt - 78.4% of Net Assets | $7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PCS MIDCO INC - Unfunded Revolver Maturity 03/01/2030 | Financial Services | First Lien Secured Debt - 78.4% of Net Assets | $7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name SP L2 Holdings LLC | Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $7.0K | $81.0K | -$74.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Adweek Purchaser, LLC - Unfunded Term Loan Maturity 11/30/2025 | Printing and Publishing | First Lien Secured Debt - 78.4% of Net Assets | $6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Pacific Purchaser, LLC - Unfunded Revolver Maturity 10/02/2028 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | $5.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name ORL Holdco, Inc. - Convertible Notes Maturity 08/03/2028 | Business Services Current Coupon 18.00% | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $5.0K | $6.0K | -$1.0K | 18.00% | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Gauge Schlesinger Coinvest, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.0K | $10.0K | -$7.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name TWD Parent Holdings, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.0K | $1.0K | $2.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Applied Technical Services, LLC Maturity 12/29/2026 | Environmental Services Current Coupon 10.20% Basis Point Spread Above Index 3M SOFR+590 | First Lien Secured Debt - 78.4% of Net Assets | $3.0K | $3.0K | $0.00 | 10.20% | +5.90% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Municipal Emergency Services, Inc. - Unfunded Term Loan 3rd Amendment Maturity 09/28/2027 | Distribution | First Lien Secured Debt - 78.4% of Net Assets | $3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name The Vertex Companies, LLC - Unfunded Term Loan Maturity 04/11/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | $3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Urology Management Holdings, Inc. - Unfunded Term Loan A Maturity 03/09/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | $3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name Schlesinger Global, LLC - Promissory Note Maturity 08/01/2026 | Business Services Current Coupon 12.33% Basis Point Spread Above Index 3M SOFR+700 | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $3.0K | $1.0K | $2.0K | 12.33% | +7.00% | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Case Works, LLC - Unfunded Term Loan Maturity 10/01/2025 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | $2.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name DRS Holdings III, Inc. Maturity - 11/03/2025 | Consumer Products Current Coupon 10.67% Basis Point Spread Above Index 3M SOFR+635 | First Lien Secured Debt - 78.4% of Net Assets | $2.0K | $2.0K | $0.00 | 10.67% | +6.35% | — |
2.3% Common Equity/Partnership Interests/Warrants - 0.0% | Investments in Non-Controlled, Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $9.64M | -$9.64M | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Common Equity - 34.7% Issuer Name Pennant Park Senior Loan Fund, LLC | Financial Services | — | $0.00 | $82.36M | -$82.36M | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% Common Equity/Partnership Interests/Warrants - 0.0% Issuer Name Cascade Environmental Holdings, LLC | Environmental Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $2.85M | -$2.85M | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% Common Equity/Partnership Interests/Warrants - 0.0% Issuer Name Walker Edison Furniture | Home and Office Furnishings | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $6.79M | -$6.79M | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% of Net Assets Walker Edison Furniture Company LLC First Lien Secured Debt - 0.4% Issuer Name Walker Edison Furniture Company LLC Maturity 03/01/2029 | Home and Office Furnishings | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $11.39M | -$11.39M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Ad.net Holdings, Inc. | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $27.0K | -$27.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Atlas Investment Aggregator, LLC | Telecommunications | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $1.61M | -$1.61M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name HV Watterson Holdings, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $1.60M | -$1.60M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Meadowlark Title, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $802.0K | -$802.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Megawatt Acquisition Partners, LLC - Class A | Electronics | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $59.0K | -$59.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name NXOF Holdings, Inc. | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $108.0K | -$108.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name ORL Holdco, Inc. | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $6.0K | -$6.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Pink Lily Holdco, LLC | Retail | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $1.04M | -$1.04M | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name SP L2 Holdings, LLC | Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $882.0K | -$882.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name TPC Holding Company, LP | Food | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $12.0K | -$12.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Gauge Schlesinger Coinvest, LLC - Class A-2 | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $1.0K | -$1.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name Magnolia Topco LP - Class B | Auto Sector | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $643.0K | -$643.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name PL Acquisitionco, LLC | Retail | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $73.0K | -$73.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name RTIC Parent Holdings, LLC - Class A | Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | $0.00 | $5.0K | -$5.0K | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name ORL Holdco, Inc. - Unfunded Convertible Notes Maturity 08/03/2028 | Business Services Current Coupon | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | -$1.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name HV Watterson Holdings, LLC - Unfunded Revolver Maturity 12/17/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$2.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Beacon Behavioral Support Service, LLC - Unfunded Revolver Maturity 06/21/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Crane 1 Services, Inc. - Unfunded Revolver Maturity - 08/16/2027 | Personal, Food and Miscellaneous Service | — | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Five Star Buyer, Inc. - Unfunded Revolver Maturity 02/23/2028 | Leisure, Amusement, Motion Pictures, Entertainment | First Lien Secured Debt - 78.4% of Net Assets | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Project Granite Buyer, Inc. - Unfunded Term Loan Maturity 12/31/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Recteq, LLC - Unfunded Revolver Maturity 01/29/2026 | Consumer Products | First Lien Secured Debt - 78.4% of Net Assets | -$3.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Carisk Buyer, Inc. - Unfunded Term Loan 2 - Maturity 12/03/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name DRS Holdings III, Inc. - Unfunded Revolver Maturity - 11/03/2025 | Consumer Products | First Lien Secured Debt - 78.4% of Net Assets | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Imagine Acquisitionco, LLC - Unfunded Revolver Maturity 11/16/2027 | Business Services | — | -$4.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Lash OpCo, LLC - Unfunded Revolver Maturity 08/16/2026 | Consumer Products | First Lien Secured Debt - 78.4% of Net Assets | -$6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name United Land Services Intermediate Parent Holdings, LLC - Unfunded Term Loan Maturity 07/12/2025 | Environmental Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | -$6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt - 78.4% Issuer Name GGG MIDCO, LLC - Unfunded Revolver Maturity 09/27/2030 | Home and Office Furnishings, Housewares and Durable Consumer Products | First Lien Secured Debt - 78.4% of Net Assets | -$6.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Carnegie Dartlet, LLC - Unfunded Revolver -Maturity 02/07/2030 | Education | First Lien Secured Debt - 78.4% of Net Assets | -$7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Case Works, LLC - Revolver Maturity 10/01/2029 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name IG Investments Holdings, LLC - Unfunded Revolver Maturity 09/22/2028 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$7.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Icon Partners V C, L.P. - Unfunded | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | -$8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Arcfield Acquisition Corp. - Unfunded Revolver Maturity 10/28/2031 | Aerospace and Defense | First Lien Secured Debt - 78.4% of Net Assets | -$8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Graffiti Buyer, Inc. - Unfunded Term Loan Maturity 08/10/2027 | Distribution | First Lien Secured Debt - 78.4% of Net Assets | -$8.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Graffiti Buyer, Inc. - Unfunded Revolver Maturity 08/10/2027 | Distribution | First Lien Secured Debt - 78.4% of Net Assets | -$9.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Argano, LLC. - Unfunded Revolver Maturity 09/13/2029 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$10.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Argano, LLC. - Unfunded Term Loan Maturity 03/13/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$10.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Inovex Information Systems Incorporated - Unfunded Revolver Maturity 12/17/2030 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$10.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name MDI Buyer, Inc. - Unfunded Revolver Maturity 07/25/2028 | Chemicals, Plastics and Rubber | First Lien Secured Debt - 78.4% of Net Assets | -$12.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer NameCF512, Inc. - Unfunded Revolver Maturity 08/20/2026 | Media | First Lien Secured Debt - 78.4% of Net Assets | -$12.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Duggal Acquisition, LLC - Unfunded Revolver Maturity-9/30/2030 | Marketing Services Current Coupon | First Lien Secured Debt - 78.4% of Net Assets | -$13.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rural Sourcing Holdings, Inc. - Unfunded Revolver Maturity 06/15/2029 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$13.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sath Industries, LLC - Unfunded Revolver Maturity 12/17/2029 | Event Services | First Lien Secured Debt - 78.4% of Net Assets | -$13.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Project Granite Buyer, Inc. - Unfunded Revolver Maturity 12/31/2030 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$14.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Inovex Information Systems Incorporated - Unfunded Term Loan Maturity 12/17/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$14.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name BLC Holding Company, Inc. - Unfunded Revolver Maturity 11/20/2030 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$15.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Boss Industries, LLC - Unfunded Revolver Maturity 12/27/2030 | Conglomerate Manufacturing | First Lien Secured Debt - 78.4% of Net Assets | -$16.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Omnia Exterior Solutions, LLC - Unfunded Revolver Maturity 12/31/2029 | Diversified Conglomerate Service | First Lien Secured Debt - 78.4% of Net Assets | -$16.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ORL Acquisition, Inc. - Unfunded Revolver Maturity 09/03/2027 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$17.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rural Sourcing Holdings, Inc. - Unfunded Term Loan Maturity 06/26/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$17.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name OHCP V BC COI, L.P. - Unfunded | Distribution | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | -$18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Blackhawk Industrial Distribution, Inc. - Unfunded Term Loan Maturity 09/17/2026 | Distribution | First Lien Secured Debt - 78.4% of Net Assets | -$18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name VRS Buyer, Inc. - Unfunded Revolver Maturity 11/22/2030 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Carisk Buyer, Inc. - Unfunded Revolver-Maturity 12/03/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | -$18.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Commercial Fire Protection Holdings, LLC - Unfunded Revolver Maturity 09/23/2030 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$19.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Meadowlark Acquirer, LLC- Unfunded Revolver Maturity 12/10/2027 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$19.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name AFC Dell Holding Corp. - Unfunded Term Loan Maturity 04/09/2027 | Distribution | First Lien Secured Debt - 78.4% of Net Assets | -$22.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Azureon, LLC - Unfunded Revolver Maturity 06/26/2029 | Diversified Conglomerate Service | First Lien Secured Debt - 78.4% of Net Assets | -$22.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Marketplace Events Acquisition, LLC - Unfunded Revolver Maturity 12/19/2030 | Media | First Lien Secured Debt - 78.4% of Net Assets | -$22.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name OSP Embedded Purchaser, LLC - Unfunded Revolver Maturity 12/17/2029 | Aerospace and Defense | First Lien Secured Debt - 78.4% of Net Assets | -$22.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Best Practice Associates, LLC - Unfunded Revolver Maturity 11/08/2029 | Aerospace and Defense | First Lien Secured Debt - 78.4% of Net Assets | -$24.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seacoast Service Partners, LLC - Unfunded Revolver Maturity 12/20/2029 | Diversified Conglomerate Service | First Lien Secured Debt - 78.4% of Net Assets | -$24.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ACP Avenu Buyer, LLC - Unfunded Term Loan Maturity 04/21/2027 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$25.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Watchtower Intermediate, LLC. - Unfunded Revolver Maturity 03/12/2029 | Electronics | First Lien Secured Debt - 78.4% of Net Assets | -$25.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ACP Avenu Buyer, LLC - Unfunded Revolver Maturity 10/02/2029 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$26.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PlayPower, Inc. - Unfunded Revolver Maturity 08/28/2030 | Manufacturing/Basic Industry | First Lien Secured Debt - 78.4% of Net Assets | -$26.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PAR Excellence Holdings, Inc. - Unfunded Revolver Maturity 09/03/2030 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | -$27.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name The Vertex Companies, LLC - Unfunded Revolver Maturity 08/31/2028 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$28.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ro Health, LLC - Unfunded Revolver Maturity 01/17/2031 | Healthcare Providers & Services | First Lien Secured Debt - 78.4% of Net Assets | -$31.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Radius Aerospace, Inc. - Unfunded Revolver Maturity 03/29/2027 | Aerospace and Defense | First Lien Secured Debt - 78.4% of Net Assets | -$33.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Preferred Equity/Partnership Interests - 3.5% of Net Assets Issuer Name SP L2 Holdings LLC - Unfunded | Consumer Products | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | -$42.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt -78.4% Issuer Name Infinity Home Services Holdco, Inc. - 3rd Amendment Unfunded Term Loan Maturity 10/30/2026 | Personal, Food and Miscellaneous Services | First Lien Secured Debt - 78.4% of Net Assets | -$45.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Blackhawk Industrial Distribution, Inc. - Unfunded Revolver Maturity 09/17/2026 | Distribution | First Lien Secured Debt - 78.4% of Net Assets | -$49.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name RRA Corporate, LLC - Unfunded Revolver Maturity 08/15/2029 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$56.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seacoast Service Partners, LLC - Unfunded Term Loan Maturity 12/21/2026 | Diversified Conglomerate Service | First Lien Secured Debt - 78.4% of Net Assets | -$56.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name RTIC Subsidiary Holdings, LLC - Unfunded Revolver Maturity 03/05/2029 | Consumer Products | First Lien Secured Debt - 78.4% of Net Assets | -$61.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Azureon, LLC - Unfunded Term Loan Maturity 06/26/2029 | Diversified Conglomerate Service | First Lien Secured Debt - 78.4% of Net Assets | -$63.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Seaway Buyer, LLC - Unfunded Revolver Maturity 06/13/2028 | Chemicals, Plastics and Rubber | First Lien Secured Debt - 78.4% of Net Assets | -$66.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Subordinate Debt/Corporate Notes - 11.0% of Net Assets Issuer Name Northwinds Topco, Inc. - Unfunded Term Loan Maturity 10/30/2029 | Consumer Services Current Coupon | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | -$70.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Kinetic Purchaser, LLC - Unfunded Revolver Maturity 11/10/2026 | Consumer Products | First Lien Secured Debt - 78.4% of Net Assets | -$115.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Megawatt Acquisitionco, Inc. - Unfunded Revolver Maturity 03/01/2030 | Electronics | First Lien Secured Debt - 78.4% of Net Assets | -$144.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Halo Buyer, Inc. - Unfunded Revolver Maturity 08/07/2029 | Consumer Products | First Lien Secured Debt - 78.4% of Net Assets | -$147.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name AG Investco LP - Unfunded | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | -$149.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name RRA Corporate, LLC - Unfunded Term Loan 2 Maturity 08/17/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | -$153.0K | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name PL Acquisitionco, LLC - Unfunded Revolver Maturity 11/09/2027 | Retail | First Lien Secured Debt - 78.4% of Net Assets | -$485.0K | — | — | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% of Net Assets Walker Edison Furniture Company LLC First Lien Secured Debt - 0.4% Issuer Name Walker Edison Furniture Company LLC - Unfunded Term Loan Maturity 03/01/2029 | Home and Office Furnishings | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | -$583.0K | — | — | — | — | — |
Liabilities in Excess of Other Assets - (155.3)% | — | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | -$758.09M | — | — | — | — | — |
Related Party PSLF Liabilities in Excess of Other Assets — (949.1)% | — | Common Equity - 23.0% of Net Assets | -$1.32B | — | — | — | — | — |
148.3% of Net Assets Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets | Investments in Non-Controlled, Non-Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
148.3% of Net Assets Preferred Equity/Partnership Interests - 3.5% of Net Assets | Investments in Non-Controlled, Non-Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
2.3% of Net Assets First Lien Secured Debt - 0.4% | Investments in Non-Controlled, Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
78.4% Issuer Name Eval Home Health Solutions Intermediate, LLC | Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt | Unfunded Revolver Maturity -05/10/2030 IndustryHealthcare, Education and Childcare | — | — | — | — | — | — |
98.1% Subordinated Debt - 33.5% | Investments in Controlled, Affiliated Portfolio Companies | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Cash and Cash Equivalents - 6.7% of Net Assets | — | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Controlled, Affiliated Portfolio Companies - 98.1% Common Equity - 34.7% Issuer Name Pragmatic Institute, LLC | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Affiliated Portfolio Companies - 2.3% of Net Assets | Home and Office Furnishings | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name AMCSI Crash Co-Invest, LP - Unfunded | Auto Sector | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Aechelon InvestCo, LP - Unfunded | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Anteriad Holdings, LP (f/k/a MeritDirect Holdings, LP) | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name BioDerm, Inc. | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Delta InvestCo LP - Unfunded | Telecommunications | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name FedHC InvestCo LP - Unfunded | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Imagine Topco, LP | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Magnolia Topco LP - Class A | Auto Sector | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Magnolia Topco LP - Class B | Auto Sector | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name QuantiTech InvestCo LP - Unfunded | Aerospace and Defense | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Sabel InvestCo, LP - Unfunded | Government Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name Tower Arch Infolinks Media, LP - Unfunded | Media | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% Common Equity/Partnership Interests/Warrants - 26.3% of Net Assets Issuer Name WCP Ivyrehab QP CF Feeder, LP - Unfunded | Healthcare, Education and Childcare | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name A1 Garage Merger Sub, LLC - Unfunded Revolver Maturity 12/22/2028 | Personal, Food and Miscellaneous Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name ACP Avenu Buyer, LLC - Unfunded Revolver Maturity 08/01/2029 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Ad.net Acquisition, LLC - Unfunded Revolver Maturity 05/06/2026 | Media | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Aechelon Technology, Inc. - Unfunded Revolver Maturity 08/16/2029 | Aerospace and Defense | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Anteriad, LLC (f/k/a MeritDirect, LLC) - Unfunded Revolver Maturity 06/30/2026 | Media | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Archer Lewis, LLC - Unfunded Revolver Maturity 08/28/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Beacon Behavioral Support Service, LLC - Funded Revolver Maturity 06/21/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Big Top Holdings, LLC - Unfunded Revolver Maturity 02/28/2030 | Manufacturing/Basic Industry | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name C5MI Acquisition, LLC - Unfunded Revolver Maturity - 07/31/29 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name CJX Borrower, LLC- Revolver Maturity -7/13/2027 | Media | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Carnegie Dartlet, LLC - Unfunded Term Loan -Maturity 02/09/2026 | Education | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Cartessa Aesthetics, LLC-Unfunded Revolver- Maturity 06/14/2028 | Distribution | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Commercial Fire Protection Holdings, LLC - Unfunded Term Loan Maturity 09/23/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Compex Legal Services, Inc. - Unfunded Revolver Maturity -02/07/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Dr. Squatch, LLC - Unfunded Revolver Maturity - 08/31/2027 | Media | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Emergency Care Partners, LLC - Unfunded Revolver Maturity Unfunded Term Loan-10/18/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Emergency Care Partners, LLC - Unfunded Term Loan Maturity-10/19/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Exigo Intermediate II, LLC - Unfunded Revolver Maturity 03/15/2027 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name HW Holdco, LLC - Unfunded Revolver Maturity 05/11/2026 | Media | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Harris & Co. LLC - Unfunded Revolver Maturity 08/09/2030 | Financial Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Hills Distribution, Inc. - Unfunded Term Loan Maturity 11/07/2025 | Distribution | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Impact Advisors, LLC - Unfunded Revolver Maturity 03/19/2032 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Impact Advisors, LLC - Unfunded Term Loan Maturity 03/21/2027 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Infinity Home Services Holdco, Inc. - Unfunded Revolver Maturity 12/28/2028 | Personal, Food and Miscellaneous Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name LJ Avalon Holdings, LLC - Unfunded Revolver Maturity 01/31/2030 | Environmental Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Lightspeed Buyer Inc. - Unfunded Revolver Maturity 02/03/2027 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Lightspeed Buyer, Inc. - Unfunded Term Loan Maturity 06/02/2025 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Loving Tan Intermediate II, Inc. - Unfunded Revolver Maturity 05/31/2028 | Consumer Products | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name MBS Holdings, Inc. - Unfunded Revolver Maturity 04/16/2027 | Telecommunications | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name MOREGroup Holdings, Inc. - Unfunded Revolver Maturity 01/16/2030 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Marketplace Events Acquisition, LLC - Unfunded Term Loan Maturity 06/19/2026 | Media | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Municipal Emergency Services, Inc. - Unfunded Revolver Maturity 10/01/2027 | Distribution | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name NBH Group LLC - Unfunded Revolver Maturity 08/19/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name NORA Acquisition, LLC - Unfunded Revolver Maturity 08/31/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Rancho Health MSO, Inc. - Unfunded Revolver Maturity 06/20/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Riverpoint Medical, LLC - Unfunded Revolver Maturity 06/21/2027 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sabel Systems Technology Solutions, LLC - Unfunded Revolver Maturity 10/31/2030 | Government Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Safe Haven Defense US LLC - Unfunded Revolver Maturity 05/23/2029 | Building Materials | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sales Benchmark Index LLC - Unfunded Revolver Maturity 07/07/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sath Industries, LLC - Unfunded Term Loan B Maturity 12/17/2026 | Event Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Schlesinger Global, Inc. - Unfunded Revolver Maturity 07/14/2025 | Business Services 0.00% | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Sigma Defense Systems, LLC - Unfunded Revolver Maturity 12/20/2027 | Telecommunications | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name Spendmend Holdings LLC - Unfunded Revolver Maturity 01/03/2028 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name System Planning and Analysis, Inc. - Unfunded Revolver Maturity 08/16/2027 | Aerospace and Defense | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name TCG 3.0 Jogger Acquisitionco, Inc. - Unfunded Revolver Maturity 01/23/2029 | Media | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name The Bluebird Group LLC - Unfunded Revolver Maturity 07/28/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name US Fertility Enterprises, LLC - Unfunded Term Loan Maturity 07/10/2026 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt - 78.4% Issuer Name VRS Buyer, Inc. - Unfunded Term Loan Maturity 11/23/2026 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Carisk Buyer, Inc. - Unfunded Term Loan -Maturity 12/03/2029 | Healthcare, Education and Childcare | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name EDS Buyer, LLC - Unfunded Revolver Maturity-12/22/2028 | Aerospace and Defense Current | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name ETE Intermediate II, LLC - Revolver Maturity -05/25/2029 | Personal, Food and Miscellaneous Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name ITI Holdings, Inc. - Unfunded Revolver Maturity 03/03/2028 | Business Services | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 148.3% First Lien Secured Debt -78.4% Issuer Name Inventus Power, Inc. - Unfunded Revolver Maturity 06/30/2025 | Electronics | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies - 171.1% Short-Term US Government Securities - 25.5% | Business Services | Subordinate Debt/Corporate Notes - 11.0% of Net Assets | — | — | — | — | — | — |
Investments in Non-Controlled, Non-Affiliated Portfolio Companies -148.3% First Lien Secured Debt - 78.4% Issuer Name GGG MIDCO, LLC - Unfunded Term Loan Maturity 09/27/2026 | Home and Office Furnishings, Housewares and Durable Consumer Products | First Lien Secured Debt - 78.4% of Net Assets | — | — | — | — | — | — |
Related Party PSLF Cash and Cash Equivalents - 44.8% One | — | Common Equity - 23.0% of Net Assets | — | — | — | — | — | — |
Related Party PSLF Equity Securities - 2.1% Issuer Name 48Forty Intermediate Holdings, Inc.- Common Equity | Containers, Packaging and Glass | Common Equity - 23.0% of Net Assets | — | — | — | — | — | — |
Related Party PSLF Investments and Cash Equivalents - 1049.1% | — | — | — | — | — | — | — | — |